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|Director of Investor Relations|
|Greenhill & Co., Inc.|
GREENHILL & CO. REPORTS FIRST QUARTER 2018 EARNINGS
|||Quarterly revenues of $87.5 million, up 54% from prior years first quarter|
|||Record first quarter advisory revenues|
|||Compensation ratio of 56% for the quarter|
|||Operating profit margin of 22% for the quarter|
Net income of $6.4 million and earnings per share of $0.21 for the quarter were adversely impacted by a tax charge of $3.9 million, or $0.13 per share, related to a tax charge on vesting of restricted stock awards
Repurchased approximately 1.76 million shares of common stock and common stock equivalents during the first quarter at an average price of $19.77 per share
|||Remaining authorization under our share repurchase plan at March 31, 2018 was $191.1 million|
Recruited Vice Chairman and Co-Head of North American Financing Advisory and Restructuring to expand our practice in this business
Recruited 6 additional Managing Directors for the New York office to expand our sector coverage of consumer products, insurance, midstream energy, real estate, telecommunications and transportation
NEW YORK, NEW YORK, May 3, 2018 Greenhill & Co., Inc. (NYSE: GHL) today reported revenues of $87.5 million, net income of $6.4 million and diluted earnings per share of $0.21 for the quarter ended March 31, 2018.
The Firms first quarter earnings were negatively impacted by a tax charge of $3.9 million for the tax effect of the difference between the grant price value and the market price value of restricted stock awards at the time of the vesting. Excluding this charge, the Firms first quarter 2018 net income would have been $10.3 million and diluted earnings per share would have been $0.34.
The following information was filed by Greenhill Co Inc (GHL) on Thursday, May 3, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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