Houlihan Lokey, Inc. (HLI) Q1 2027 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:02.933 Good day, ladies and gentlemen. Thank you for standing by. 00:00:02.933 -- 00:00:08.097 Welcome to Houlihan Lokey's first quarter fiscal year 2027 earnings conference 00:00:08.097 -- 00:00:09.618 call. 00:00:09.618 -- 00:00:13.041 At this time, all participants are in a listen-only mode. 00:00:13.041 -- 00:00:17.042 Question and answer session will follow the formal presentation. 00:00:17.084 -- 00:00:21.046 Please note that this conference call is being recorded today, July 29, 2026. 00:00:21.046 -- 00:00:23.046 We'd 00:00:23.148 -- 00:00:27.490 now like to turn the call over to the company. 00:00:28.472 -- 00:00:33.596 Thank you, operator, and hello, everyone. By now, everyone should have access to our 00:00:33.596 -- 00:00:38.599 first quarter fiscal year 2027 earnings release, which can be found on 00:00:38.599 -- 00:00:43.001 the Houlihan Lokey website at www.hl.com 00:00:43.983 -- 00:00:49.027 in the investor relations section. Before we begin our formal remarks, 00:00:49.027 -- 00:00:54.476 we need to remind everyone that the discussion today will include forward-looking statements. 00:00:54.476 -- 00:00:59.619 These forward-looking statements, which are usually identified by use of words such 00:00:59.619 -- 00:01:04.863 as will, expect, anticipate, should, or other similar phrases, 00:01:04.863 -- 00:01:07.925 are not guarantees of future performance. 00:01:07.925 -- 00:01:13.148 These statements are subject to numerous risks and uncertainties that could cause actual 00:01:13.148 -- 00:01:18.131 results to differ materially from what we expect, and therefore, you should exercise 00:01:18.131 -- 00:01:21.763 caution when interpreting and relying on them. 00:01:21.763 -- 00:01:26.805 We refer all of you to our recent SEC fil...