Earnings release
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Exhibit 99.1 • MOELIS & COMPANY Moelis & Company Reports Record Third Quarter and First Nine Months 2021 Financial Results ; Declares Special Dividend of $ 2.50 Per Share in Addition to Regular Quarterly Dividend of $ 0.60 Per Share Record Third Quarter and First Nine Months Revenues and Earnings Per Share For the third quarter and first nine months of 2021 , GAAP revenues were $ 490.8 million and $ 1,115.6 million , respectively Adjusted revenues for the third quarter of 2021 were $ 515.9 million , up 149 % from the third quarter of 2020 and represent the largest quarter of Adjusted revenues in the Firm's history Adjusted revenues for the first nine months of 2021 were $ 1,140.7 million , up 119 % from the same period of the prior year GAAP net income of $ 1.76 per share ( diluted ) for the third quarter and $ 3.94 per share ( diluted ) for the first nine months of 2021 ; Adjusted net income of $ 1.77 per share ( diluted ) for the third quarter and $ 3.98 per share ( diluted ) for the first nine months of 2021 , respectively Third quarter 2021 Adjusted pre - tax margin of 35 % versus 26 % in the prior year period ; first nine months 2021 Adjusted pre - tax margin of 33 % versus 12 % in the prior year period Continued to execute on organic growth strategy : Added 11 Managing Directors year - to - date through internal development and key external hires Strong pipeline of internal and external senior level talent Strong balance sheet with cash and short term investments of $ 558.4 million and no debt or goodwill - Declared $ 3.10 per share in dividends , comprised of a $ 2.50 per share special dividend in addition to a $ 0.60 per share regular quarterly dividend Third special dividend declared over the last twelve months With respect to the 2021 performance year , we will have returned approximately $ 530 million of capital through dividends and share repurchases NEW YORK , October 27 , 2021 Moelis & Company ( NYSE : MC ) today reported financial results for the third quarter ended September 30 , 2021. On a GAAP basis , the Firm reported revenues of $ 490.8 million during the third quarter of 2021. We achieved record Adjusted revenues of $ 515.9 million during the third quarter of 2021 , as compared with GAAP and Adjusted revenues of $ 207.6 million in the prior year 1