The Motley Fool

FEBRUARY 29, 2024

Turning to the broad trends we saw this quarter, as I met with customers around the globe, I saw a strong desire to leverage AI to improve business processes and elevate customer experiences. To add more context around overall deal flow, EMEA grew the fastest during the quarter, followed by the Americas and APJ.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Deal Flow 130

The Motley Fool

NOVEMBER 5, 2024

Deal flow is very strong, and we believe that we are still the best partner in the industry. Our effective GAAP tax rate during the quarter was 28.6%, an increase over the effective tax rate in the third quarter of 2023 of 18.6%. million at the end of the third quarter with net leverage of about 1.5x. per share.

Taxes 130

Taxes Accounting Consultants Consulting 130

The Motley Fool

OCTOBER 17, 2024

And then, if we think about the embedded FRE growth through 2025, how should we think about how that operating leverage could drive margin expansion next year? So I would say to size it up, if you look at the leveraged finance world, it's roughly a $5 trillion universe today. How much is driven by placement fees? Operator Thank you.

Debt 130

Debt Management Fees Capital Funds 130

The Motley Fool

FEBRUARY 27, 2024

We also leveraged gross profit by 76 basis points and grew adjusted EBITDA by 18%. We continue to experience healthy deal flow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Our effective GAAP tax rate during the quarter was 19.3%.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

FEBRUARY 15, 2024

Typically, the fourth quarter is the strongest quarter of revenues for Walker & Dunlop Affordable Equity, formerly Alliant, due to the gains realized from the disposition of maturing tax credit deals. We have a fantastic business model that generates strong cash flow, and we ended the year with $329 million of cash on hand.

Debt 100

Debt Finance Financing Capital 100

The Motley Fool

JULY 24, 2024

Our team's efforts continue to produce unique and proprietary deal flow, and we continue to identify attractive investment opportunities across all three external growth platforms. We are very well-positioned to execute on our pipeline and stay well within our stated leverage range without any additional capital.

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

AUGUST 6, 2024

Our effective GAAP tax rate during the quarter was 31.9%. million at the end of the second quarter, with net leverage of about 1.4x. We are now forecasting a normalized tax rate of about 32% due to higher non-deductible share-based compensation expense. This includes a $3.8 Net interest expense increased 16.6% million of cash.

Accounting 130

Accounting Returns Leveraging Taxes 130

The Motley Fool

FEBRUARY 15, 2024

We also continue to drive share gains in our markets by leveraging a multi-brand, multichannel approach at scale to differentiate ourselves competitively. Additionally, we are leveraging the scale of our Orkin brand across North America to effectively serve commercial customers coast to coast in both the U.S. and Canada.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. Gross debt was $298 million at the end of the second quarter, with net leverage less than one times adjusted EBITDA. For adjusted net income purposes, we forecast a slightly higher 2023 tax rate of 30%.

Deal Flow 100

Deal Flow Banks Education Debt 100

The Motley Fool

AUGUST 2, 2023

As we look forward, deal flow is significant. You know, with SOFR or Fed funds in the mid-fives now, if you think about anything SOFR plus something, you're going to get again to that 8% to 12% on leverage return spectrum. On the mortgage company side, total pre-tax income for the -- in the quarter.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

APRIL 12, 2024

We generated positive operating leverage this quarter as expenses decreased 4% driven by actions taken to rightsize the expense base. And our investment bank and commercial bank are going to be closely coordinated to harvest the deal flow around the world. Andy is focused on rationalizing the expense base.

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

DECEMBER 5, 2023

Our win rates remain strong, and we are delivering operating leverage. And is there any difference in linearity of deal flow during the quarter, this quarter versus previous quarters? Just with the tax, more recently, you're increasingly targeting identity systems. Our teams are executing well. And then one more if I may.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

NOVEMBER 7, 2023

Healthy deal flow and a favorable buying environment drove margin expansion and more than offset inventory inefficiencies related to our system transition, which we estimate to have impacted gross margin by approximately 50 basis points. million at the end of the third quarter with net leverage less than one times adjusted EBITDA.

Banks 100

Banks Debt Leveraging Capital 100

The Big Picture

OCTOBER 31, 2023

And you can go long, you can go short, you can have leverage, you could have higher exposure levels, but the securities are in the liquid public markets versus private equity, which are in illiquid private markets. I’m I’m thinking about the tax consequences of what you just said. It sounds like very competitive space.

Hedge Funds 63

Hedge Funds Mutual Funds Funds Due Diligence 63

Axial

OCTOBER 26, 2023

Technology ranked 4th in deal flow but had the highest average pursuit rate, 8.76%, of all sectors. See below for the full Q3 deal activity overview on the Axial platform, and for a more detailed breakdown by industry, check out The SMB M&A Pipeline: Q3 2023. .” Mr. Kerchner, Mr. Clark, Mr. Fay, Ms.

Investment Banks 52

Investment Banks Investment Banking Banks Mergers and Acquisitions 52

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth. Is this possible?

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

JULY 27, 2023

We'll leverage leading technology regardless of whether it was developed at Kensho, developed elsewhere within the divisions or come via a vendor or a partner. We have provided the granular guidance on corporate unallocated expense, deal related amortization, interest expense and tax rate in the supplemental deck posted to our IR site.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

Axial

FEBRUARY 27, 2024

million in EBITDA seeking a growth-oriented partner and distressed businesses that are over leveraged and/or operate in out-of-favor sectors. From a financial perspective, CPS can be flexible with deal structure to meet unique tax or estate planning needs and/or allow for the owner to maintain equity in the business.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Buyout Mergers and Acquisitions 59

The Motley Fool

JULY 31, 2023

Now, turning to our balance sheet and cash flow, Alliance had another strong quarter of cash generation with $153.5 million of free cash flow before growth investments in the 2023 quarter, an increase of 88.7% Our total and net leverage ratios were 0.4 year over year and 9.7% versus the sequential quarter.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Capital Debt Deal Flow 130

The Motley Fool

JULY 15, 2024

Our as-adjusted tax rate for the second quarter was approximately 24%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024. The actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Leveraging Liabilities Asset Management 130

The Motley Fool

APRIL 12, 2024

Our as-adjusted tax rate for the first quarter was approximately 23% and included discrete tax benefits related to stock-based compensation awards that vest in the first quarter of each year. As markets improve, we remain committed to driving operating leverage and profitable growth. style box exposure in Precision ETFs.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

Our as-adjusted tax rate for the fourth quarter was approximately 24%, driven, in part, by discrete items. We currently estimate that 25% is a reasonable projected tax run rate for 2024, though the actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Shareholders Capital Asset Management 130

The Motley Fool

NOVEMBER 1, 2024

In terms of leverage, our total debt is currently $17.1 times within our target leverage range of five times to 5.5 But as we look at 2025 and given what we're working on, we remain confident that we are going to be bringing to the table both gaming and nongaming deals, big and small. years to maturity.

Assets 130

Assets Capital Funds Deal Flow 130

The Motley Fool

NOVEMBER 1, 2024

High prices for homes, mortgage rates, property taxes, and insurance continue to support rental demand, and this is not changing anytime soon. Additionally, during the third quarter, we had $0.015 per share of favorability, resulting primarily from higher fee income, lower interest expense, and lower income tax expense.

Taxes 130

Taxes Debt Capital Assets 130

The Motley Fool

AUGUST 8, 2024

With lower interest rates and an increasing supply of capital to the commercial real estate sector, we are optimistic about the opportunities to capture deal flow and grow as the commercial real estate market recovers from the last two years of restricted interest rates. Thank you for your time this morning.

Assets 130

Assets Debt Finance Financing 130

The Motley Fool

AUGUST 3, 2023

We raised Alliant's 117th low-income tax credit fund during Q2, and we broadened our investment banking capabilities from predominantly single-family by hiring a new managing director focused on the commercial real estate market. and 5.25, and borrowers saying I'm OK taking 25 basis points to 50 basis points of negative leverage, I'll go.

Asset Management 100

Asset Management Finance Financing Debt 100

The Big Picture

MAY 16, 2023

The transcript from this week’s, MiB: Howard Lindzon, Social Leverage , is below. So with no further ado, my discussion with Social Leverage’s Howard Lindzon. HOWARD LINDZON, MANAGING PARTNER, SOCIAL LEVERAGE: Hello, Barry. The next step from there was that Social Leverage. This all is leverage from the network.

Hedge Funds 115

Hedge Funds Leveraging Venture Capital Capital 115

The Motley Fool

NOVEMBER 9, 2023

They are well behind, but they aren't losing deal flow to other capital sources. What we are seeing in this challenging fundraising environment is that investors value Walker & Dunlop's access to deal flow and banker/broker distribution network as deals get harder and traditional sources of capital move in and out of the market.

Asset Management 100

Asset Management Deal Flow Assets Finance 100

The Motley Fool

JULY 18, 2024

And we think operating leverage over the long term. And then longer term, that sort of picture of stability and over time of operating leverage. There's also a variable around the sort of the level of deal flow a year ago and the benefit that comes from buying those funds at a discount to the fund returns in the short term.

Assets 130

Assets Finance Financing Capital 130