Page 1

Exhibit 99.1 MOELIS & COMPANY Moelis & Company Reports Record First Quarter 2021 Financial Results ; Declares Special Dividend of $ 2.00 per share in Addition to Regular Quarterly Dividend of $ 0.55 Per Share Record First Quarter Revenues First quarter revenues of $ 263.9 million , up 72 % from the same period of 2020 GAAP net income of $ 1.00 per share ( diluted ) for the first quarter of 2021 ; Adjusted net income of $ 1.02 per share ( diluted ) for the first quarter of 2021 , including a $ 0.27 per share tax benefit First quarter 2021 adjusted pre - tax margin of 29 % versus 17 % in the prior year period Continued to execute on organic growth strategy : Added ten Managing Directors year - to - date through internal development and key external hires ; strong pipeline of 2021 Managing Director hires Includes one recently announced Managing Director in the US to strengthen our coverage of companies in the retail , apparel and consumer sectors Strong balance sheet with cash and short term investments of $ 227.7 million and no debt or goodwill Declared $ 2.55 per share in dividends , comprised of a $ 2.00 per share special dividend in addition to the $ 0.55 per share regular quarterly dividend During the first quarter , we repurchased 1.4 million shares of our common stock Returned approximately $ 250 million through dividends¹ and share repurchases so far in 2021 NEW YORK , April 28 , 2021 - Moelis & Company ( NYSE : MC ) today reported financial results for the first quarter ended March 31 , 2021. The Firm's first quarter revenues of $ 263.9 million increased 72 % over the prior year period and represented our second largest quarter of revenues ever . The Firm reported first quarter 2021 GAAP net income of $ 75.8 million , or $ 1.00 per share ( diluted ) . On an Adjusted basis , the Firm reported net income of $ 76.2 million or $ 1.02 per share ( diluted ) for the first quarter of 2021 , which compares with $ 31.3 million of net income or $ 0.45 per share ( diluted ) in the prior year period . GAAP and Adjusted net income for the first quarter of 2021 include net tax benefits of $ 0.26 per share and $ 0.27 per share , respectively , related to the settlement of share based awards . " Our record first quarter revenues reflect growth across all of our business and regions . I believe that our franchise is stronger today than at any other point in our Firm's history , ” said Ken Moelis , Chairman and Chief Executive Officer . “ Our solid topline performance , ongoing expense discipline , and focus on profitable organic growth generates substantial shareholder returns , as evidenced by today's announcement of a $ 2.00 per share special dividend in addition to our regular quarterly dividend of $ 0.55 per share . Including today's announcement , we will have returned over $ 430 million in capital over the last two quarters through dividends and share repurchases . " The Firm's revenues and net income can fluctuate materially depending on the number , size and timing of completed transactions as well as other factors . Accordingly , financial results in any particular quarter may not be representative of future results over a longer period of time . Currently 89 % of the operating partnership ( Moelis & Company Group LP ) is owned by the corporate partner ( Moelis & Company ) and is subject to corporate U.S. federal and state income tax . The remaining 11 % is owned by other partners of Moelis & Company Group LP and is primarily subject to U.S. federal tax at the partner level ( certain state and local and foreign income taxes are incurred at the company level ) . The Adjusted results included herein apply certain adjustments from our GAAP results , including the assumption that 100 % of the Firm's first quarter operating result was taxed at our corporate effective tax rate . We believe the Adjusted results , when presented together with comparable GAAP results , are useful to investors to compare our performance across periods and to better understand our operating results . A reconciliation between our GAAP results and our Adjusted results is presented in the Appendix to this press release . 1 Includes dividends declared but not yet paid 1