Exhibit 99.1

 

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Contact:    Patrick Suehnholz
  

Director of Investor Relations

Greenhill & Co., Inc.

(212) 389-1800

GREENHILL & CO. REPORTS SECOND QUARTER 2018 EARNINGS OF $0.38

 

   

Quarterly revenues of $88.5 million, up 32% from prior year’s second quarter

 

   

Record first half advisory revenues; year to date revenues up 42% compared to prior year’s first half

 

   

Compensation ratio for both the quarter and year to date at 55%

 

   

Operating profit margin for both the quarter and year to date at 22%, negatively impacted by non-recurring charges (of $2.7 million and $3.6 million for the quarter and year to date) related to the Cogent acquisition earnout

 

   

Quarterly net income of $10.5 million and earnings per share of $0.38, likewise impacted by the earnout adjustment, were up 68% and 90%, respectively, over prior year’s second quarter

 

   

Year to date net income and earnings per share more than tripled relative to the same period in prior year

 

   

Repurchased 3.5 million shares of common stock during the quarter through open market transactions at an average price of $23.98 per share

 

   

Remaining authorization under our share repurchase plan at June 30, 2018 was $107.4 million

 

   

Recruited 3 additional Managing Directors to expand our coverage of the energy sector and the Nordic region; year to date we have recruited 10 Managing Directors

NEW YORK, NEW YORK, August 2, 2018 – Greenhill & Co., Inc. (NYSE: GHL) today reported revenues of $88.5 million, net income of $10.5 million and diluted earnings per share of $0.38 for the quarter ended June 30, 2018.

The Firm’s second quarter 2018 revenues compare to revenues of $67.3 million for the second quarter of 2017, which represents an increase of $21.2 million, or 32%. The Firm’s second quarter 2018 net income and diluted earnings per share compare to net income of $6.2 million and diluted

 

1


The following information was filed by Greenhill Co Inc (GHL) on Thursday, August 2, 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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