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PJT Partners Inc. (NYSE: PJT) is a premier independent investment bank delivering a broad spectrum of advisory and capital raising solutions. Renowned for its experienced team and innovative approach, PJT Partners provides strategic advisory services across multiple areas including mergers and acquisitions (M&A), spin-offs, private placements, structured products, and more. The firm is dedicated to helping clients navigate complex challenges with tailored, high-impact solutions.
Strategic Advisory: PJT Partners excels in offering innovative solutions to intricate challenges across M&A, spin-offs, private placements, and structured products, ensuring the achievement of clients' strategic goals. The firm's expertise lies in facilitating high-quality outcomes for every client, from straightforward transactions to more complex deals.
Restructuring & Special Situations: As a global leader, PJT Partners advises companies and creditors during restructurings and bankruptcies. Their services encompass debtor advisory, creditor advisory, out-of-court solutions, distressed M&A, and expert witness testimony. The firm’s team is well-versed in managing complicated capital structure challenges, making them a trusted advisor in critical situations.
Park Hill: This division of PJT Partners offers global alternative asset advisory and fundraising services. Specializing in private equity, real estate, hedge funds, and private credit, Park Hill provides comprehensive support for alternative investment strategies. They play a crucial role in facilitating the growth and success of investment firms worldwide.
PJT Partners generates revenue primarily from advisory and placement fees, with a significant portion of its income originating from the United States. Recent developments and projects underscore the firm's commitment to providing unparalleled advisory services, solidifying its position as a key player in the financial sector.
PJT Partners Inc. (NYSE: PJT) reported record second quarter and six months results for 2024. Highlights include:
- Q2 revenues of $360 million, up 4% year-over-year
- Q2 GAAP Pretax Income of $64 million, up 19%
- Q2 Adjusted EPS of $1.19, up 20%
- H1 revenues of $690 million, up 26% year-over-year
- H1 GAAP Pretax Income of $118 million, up 42%
- H1 Adjusted EPS of $2.17, up 43%
The company repurchased 2.2 million shares and equivalents through June 30, 2024. It held $351 million in cash and short-term investments with no funded debt. PJT Partners also entered a new $100 million revolving credit facility on July 29, 2024.
PJT Partners Inc. (NYSE:PJT) has announced its plans to release second quarter and first half 2024 financial results on Tuesday, July 30, 2024. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Paul J. Taubman, Chairman and CEO, and Helen T. Meates, CFO, will lead the call and be available for questions.
Investors and analysts can participate by dialing +1 (800) 343-5419 (U.S. domestic) or +1 (203) 518‑9731 (international) with the passcode PJTP2Q24. A listen-only audio webcast will also be available through the company's Investor Relations website. A replay of the webcast will be accessible for four months starting at approximately 11:30 a.m. ET on July 30, 2024.
PJT Partners Inc. reported record first-quarter results for 2024, including a 65% revenue increase to $329 million, GAAP pretax income of $54 million, and adjusted pretax income of $55 million. The company also achieved an 82% increase in GAAP diluted EPS to $1.22 and an 81% increase in adjusted EPS to $0.98 from a year ago. Additionally, PJT repurchased 1.5 million share equivalents, held $236 million in cash, cash equivalents, and short-term investments with no funded debt, and declared a $0.25 per share dividend. The company plans to repurchase more shares and remains confident in its future growth prospects.
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