- Q1 net income of $4.4M or $0.14 per share vs. $7.6M and $0.25 one year ago. Revenue of $66.9M rose from $61.9M.
- Chairman Robert Greenhill takes note of tough conditions during Q1, but expects things to swing the other way for the rest of the year.
- Operating expenses of $60.4M rose 22% from $49.7M a year ago. Employee compensation of $44.5M vs. $33.4M, bringing the compensation to revenue ratio up to 67% from 54%.
- Now read: Greenhill & Co.'s (NYSE:GHL) CEO Scott Bok on Q1 2016 Results - Earnings Call Transcript (April 20)
- GHL +10.5% today, but 48% lower Y/Y.