image0a04n.gif


Contact:    Patrick Suehnholz                        
    Director of Investor Relations                 
    Greenhill & Co., Inc.
    (212) 389-1800                                        


GREENHILL & CO. REPORTS FIRST QUARTER 2019 RESULTS

Quarterly revenues of $51.2 million, down 42% from prior year as completion fees for the quarter related to relatively small transactions

Compensation costs lower than last year's first quarter, but compensation ratio elevated as a result of lower revenues

Non-compensation costs slightly higher than last year

Loss of $0.64 per share given significantly lower revenue only partially offset by slightly lower total costs

Repurchased 936,671 shares of common stock and common stock equivalents during the quarter at an average price of $26.05 per share

Refinanced existing term debt with a new $375 million term loan under more favorable terms and increased flexibility to return capital to shareholders

Share repurchase authority increased to $340 million, of which $75 million remains available

Recruited 5 Managing Directors

NEW YORK, NEW YORK, April 29, 2019 – Greenhill & Co., Inc. (NYSE: GHL) today reported revenues of $51.2 million, a net loss of $15.4 million and a loss per share of $0.64 for the quarter ended March 31, 2019.

The Firm’s first quarter 2019 revenues compare to revenues of $87.5 million for the first quarter of 2018, which represents a decrease of $36.3 million, or 42%. The Firm’s first quarter 2019 net loss and loss per share compare to net income of $6.4 million and diluted earnings per share of $0.21 for the first quarter of 2018.

The Firm’s first quarter results were negatively impacted by a non-recurring charge of $0.6 million related to the Cogent acquisition earnout and by a tax charge of $0.7 million for the tax effect of the difference between the grant date value and the market value of restricted stock awards at the time of the vesting.


1

The following information was filed by Greenhill Co Inc (GHL) on Monday, April 29, 2019 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.

View differences made from one quarter to another to evaluate Greenhill Co Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Greenhill Co Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account