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EX - 99.1 2 earningsrelease - q12021.htm EX - 99.1 Contact : Patrick Suehnholz Director of Investor Relations Greenhill & Co. , Inc. ( 212 ) 389-1800 Greenhill • GREENHILL & CO . REPORTS FIRST QUARTER 2021 RESULTS Quarterly revenues of $ 68.9 million , up 3 % from prior year's first quarter Both compensation costs and non - compensation costs lower than last year's first quarter • Continued accelerated debt reduction with $ 20 million discretionary repayment after quarter end • • • Repurchased 972,766 shares of common stock and common stock equivalents during the quarter at an average price of $ 14.95 per share Recruited 2 Managing Directors to expand our M & A coverage of telecom and communications infrastructure and media sectors Recruited 3 Managing Directors for Private Capital Advisory and 2 other senior professionals to expand our capabilities in primary capital raising - NEW YORK , NEW YORK , April 29 , 2021 Greenhill & Co. , Inc. ( NYSE : GHL ) today reported revenues of $ 68.9 million , net income of $ 2.1 million and diluted earnings per share of $ 0.09 for the quarter ended March 31 , 2021 . The Firm's first quarter 2021 revenues compare to revenues of $ 67.1 million in the comparable period in 2020 , an increase of $ 1.8 million , or 3 % . The Firm's first quarter 2021 net income and diluted earnings per share compare to a net loss of $ 7.6 million and a loss per share of $ 0.40 for the first quarter 2020 . The Firm's revenues and net income can fluctuate materially depending on the number , size and timing of completed transactions on which it advised and other factors . Accordingly , the revenues and net income in any particular period may not be indicative of future results . " We achieved a solid revenue outcome on the heels of last quarter's record result . Market conditions are currently favorable for M & A , we are winning an increasing number of assignments and are benefiting from improved contributions from many regions and sectors that had been relatively quiet last year . Restructuring opportunities have declined as we expected , and we are refocusing our energies on assisting clients in financing transactions given robust market conditions . On the cost side , we demonstrated continued discipline on both 1