Houlihan Lokey, Inc. (HLI) Q1 2026 Earnings Call Transcript

Houlihan Lokey, Inc. (NYSE:HLI) Q1 2026 Earnings Conference Call July 29, 2025 5:00 PM ET

Company Participants

Christopher M. Crain - Corporate Participant
MD, General Counsel & Secretary - Corporate Participant
J. Lindsey Alley - MD & CFO
Scott Joseph Adelson - CEO & Director

Conference Call Participants

Alexander Scott Bond - Keefe, Bruyette, & Woods, Inc., Research Division
Brendan James O'Brien - Wolfe Research, LLC
Devin Patrick Ryan - Citizens JMP Securities, LLC, Research Division
James Edwin Yaro - Goldman Sachs Group, Inc., Research Division
James Francis Mitchell - Seaport Research Partners
Madeline Elizabeth Daleiden - JPMorgan Chase & Co, Research Division
Ryan Michael Kenny - Morgan Stanley, Research Division

Operator

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Houlihan Lokey Fiscal First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this conference call is being recorded today, 29th of July 2025.

I'll now turn the call over to the company. Please go ahead.

Christopher M. Crain

MD, General Counsel & Secretary

Thank you, operator, and hello, everyone. By now, everyone should have access to our first quarter fiscal year 2026 earnings release, which can be found on the Houlihan Lokey website at www.hl.com in the Investor Relations section.

Before we begin our formal remarks, we need to remind everyone that the discussion today will include forward-looking statements. These forward-looking statements, which are usually identified by use of words such as will, expect, anticipate, should or other similar phrases are not guarantees of future performance. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect and therefore, you should exercise caution when interpreting and relying on them.

We refer all of you to our recent SEC filings for a more