Exhibit 99.1

 

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Contact: Christopher T. Grubb
     Chief Financial Officer
     Greenhill & Co., Inc.
     (212) 389-1800

GREENHILL & CO. REPORTS FOURTH QUARTER EARNINGS PER SHARE

OF $0.25 AND ANNUAL EARNINGS PER SHARE OF $0.82

 

    Total quarterly revenues of $75.7 million, down 1% from same period in prior year; annual revenues of $261.6 million down 5% from prior year

 

    Quarterly advisory revenues of $75.1 million, down 2% from same period in prior year; annual advisory revenues of $260.3 million, down 7% from prior year due to fewer significant transaction closings during year offset in part by an increase in revenues from announced transaction activity, which also resulted in a substantially greater backlog of announced but not yet completed transactions than the prior year

 

    Compensation ratio of 57% for the fourth quarter; for the full year at 56%, higher than our historic norm due to similar total compensation amounts year over year spread over lower total revenues

 

    Pre-tax profit margin of 19% for the fourth quarter; for the full year at 17%, negatively impacted by lower total revenues and certain non-recurring costs

 

    Board authorized up to $75.0 million of share repurchases in 2016

NEW YORK, January 27, 2016 – Greenhill & Co., Inc. (NYSE: GHL) today reported total revenues of $261.6 million and net income allocated to common stockholders of $25.6 million for the year ended December 31, 2015. Diluted earnings per share were $0.82 for the year ended December 31, 2015.

The Firm’s 2015 total revenues compare to total revenues of $275.3 million for 2014, which represents a decrease of $13.7 million. Advisory revenues for 2015 were $260.3 million, compared to $280.5 million for 2014, representing a decrease of $20.2 million. For 2015, we recognized an investment gain of $1.3 million compared to an investment loss of $5.2 million in 2014.


The following information was filed by Greenhill Co Inc (GHL) on Friday, January 29, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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