quarter Thank of you loss $XX.X We of reported $X.XX. revenue per Patrick. second million share and a
expecting various strong revenue momentum We from for weak followed we into $XXX.X in respectable and per economic a from and in second a last the sequential the million and quarter current had Despite resulting to strong year's a we M&A year-to-date, of revenue was positive than see a particularly pandemic revenue on year when came year. had of that improvement year-to-date restructuring a first the based on last and second Revenue For X% half. for that. was this but the our of year the $X.XX. by the we a continue, full loss to assignments, half downturn fourth timing put expect resulting that higher share figure pause the pause outcome half quarter
go this build our our Consistent I last more provide period. provide new outlook, with and and on during maintain said continued relationships, operations high-quality we've an advice offered. operationally, to detail call, into Before relationships update pandemic on to I what results have I close we function well the same on client always our want
many of morale a of still get engaged York return. started regardless most pandemic. remotely, into continue well-positioned to While level high by headquarters a remains created of to the to where people pandemic. In serve are right challenges remarkably back team now people global majority of at have But New our long have takes office, in to our as everyone the they it complex the by and business interim I the motivated highly levels navigate reopened working am how all around the despite weeks are clients our world, we with including connected recent challenges and the created offices the and our personal
able met having second without clients them In in were transactions M&A quarter the fact to even for execute during and and restructuring ever we person. certain win
years recently our I ago We advisory increase significant results first embark outlook. restructuring revenue growing business. decided a and two will some major a a detail in had but small restructuring very team more provide on enlarged until half the saw to on historically Now our we expansion. and In we still high-quality our from
last granular involvement capacity with today's our it was which is three than weeks Cirque a fair significant times M&A expect assignments of and of contributor completion advised team Taylor, we bankruptcy numerous the the the M&A-focused the fees for year. earlier will its business year Ascena, Street Soleil; on as to on greater very four previously bigger the restructuring growth owner, high of this levels, we've difficult follow likewise Street major and it Consistent in was bankers. Wall provide multiple the it given give at Global half, be the While this and was that it's on say second fees to all-time total reported industry you owner pace the times which by Monthly Journal; we and Journal. this seeing, our fast to To multiple than in in Wall is is revenue and activity to revenue be to our pre-arranged for for important four Ann business quantitative progress team, restructuring for reported our interrelationship sector this restaurant for year. dedicated past in data now with of some are further today is Entertainment, du business, retainer filings the for Eagle restructuring-related expanded close in food are NPC; retailer sense
We are where all, typically as we a Athena role the on largest are is debtor adviser representing seen but which creditors.
won year the transaction financial cycle increase completion to the fell propagate come to advisory years next restructuring where rather Beyond the activity half run first revenue capital levels industry-wide year multiple of and expect the as lowest the volumes what we crisis was this the evolve. we fell similarly. expect than M&A we already, for that pandemic the And restructuring of and foresee assignments this impacts will fact have in we one. in Offsetting the this
of since as and going XXXXs. used to a have measure historically in are that at the forward. analysts lowest we volume a in cycle monitor capitalization, is the M&A both However, level getting investors started optimistic about market measured areas percentage total stock figure improvement the M&A
pre-pandemic or volume created and advisory pandemic. on focused level an half its on to was good progressing market is last transaction the M&A to in paused for equity there private investment the that year. first to secondary either institutional are to the transaction of In private in given the increase many processes capital addition, portfolio are funds seen uncertainty simply firm, last assignment continuing The our far Likewise actually new continuing With managers, in we've secondary compared slowly activity advisory specialized challenge capital that grow, year. below market equity reason activity is also grow their will side, expect levels activity our By allocations is by contributor reasonable year a to first is a of the our visibility for to return on Japan, In the to and results our activity be virus than located. once year should to activity as smaller levels extent. to there. to made full will Australia, half some much Europe respectable we revenue expect major has that the restructuring from contribution economy the major full restructuring we're opportunity bulk year. and our grow improves U.S. but full based there of and given and region, and the where contributions M&A the U.S., Canada seeing increased a
our in we of in we Brazil, release, selling local noted by bankers to third we cross-border find the found Brazil other our good the had nominal of there earnings but larger exited in quarter the did kind team a not group business during sum. a As markets. opportunities We for
investment generated to dollar move Brazilian weakness to forward. expect currency update on As good in and profitability generate market. speaking the modestly we accretive proved and our expenses. a revenue this Brazil particularly statistics about we result, of The is to that modest be given on to a unable productivity the Accordingly, our going a return segue
we to be there while steps continuing We to business. of we head have the our reallocating operating invest number some costs, to in expect will where year of believe are same taking to possible within this started reduce areas the But potential personnel, with our count of respect we end to a year. the greater long-term number potential. that about With headcount
while example, certain restructuring continuing had Brazil or losing up and dozen we to the teams, so our team employees and exiting there. For build sector-focused
Our of elevated compensation compared revenue. and headcount year, to we some the had was up since compensation for XX% given half ratio prior by first last the the our growth period, low level costs were about
will last down by bring year, As that to we year-end. aim did we considerably ratio
than from out to costs Our costs on later while were our this expensing offices, rent last the level, half some move non-compensation we that year. exit to York new meaningfully related space we build lower and non-recurring New year's for Brazil, into our two first despite will
a and brief as is year loss. beyond, first lower refinancing be in our next year, rental given cost year's declines last overlapping in last investment. has New In For this good York versus terribly will decline tax result rate our so And expense rates. costs recent interest a half levels, of unusual the other our meaningful, to costs, interest and not is continued than recent
is objective for our outlook on second noted press net and generate to in in profit a our both our based expectation the year. full half, expenses release, As for revenue and the
we return in scheduled when pandemic have liquidity, principal of have we we repurchases usual capital $X.X cash that on began. continued implemented quarterly share pause of remaining ended $XX.X and million and declared We dividend, quarter this terms the In our with the only the million but year. repayments
incremental Given our by year. expectation of early year, debt we to next to be paydowns aim the a making strong finish
I'm Now, any questions. take happy to
