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PJT Partners Inc (NYSE: PJT) maintains this dedicated news hub for tracking strategic developments at the advisory-focused investment bank. Access verified updates on mergers & acquisitions, restructuring mandates, and capital market activities that demonstrate the firm's role in shaping complex financial transactions.
This resource consolidates official press releases and third-party analysis, providing investors with a complete picture of PJT's advisory engagements. Key coverage areas include strategic partnership announcements, leadership appointments, and industry recognition across its restructuring and M&A practices.
Regular updates ensure stakeholders stay informed about developments impacting PJT's market position, including major client mandates and regulatory filings. Content is curated to reflect the firm's specialization in high-stakes financial advisory without promotional commentary.
Bookmark this page for efficient tracking of PJT's evolving role in corporate finance, with updates vetted for relevance to institutional investors and financial analysts.
PJT Partners Inc. (NYSE: PJT) has announced an agreement to acquire deNovo Partners, a leading advisory firm focused on the Middle East and headquartered in Dubai. This acquisition builds upon their successful strategic alliance established in 2020. deNovo, founded in 2010 by May Nasrallah, has a team of over 20 professionals and has advised on more than 100 transactions, including the region's two largest private sector M&A deals this year.
The acquisition aims to strengthen PJT's presence in the Middle East and enhance its ability to serve both regional and international clients. May Nasrallah will continue her leadership role in the Middle East while joining PJT Partners' senior team. The transaction is expected to close in October 2024, subject to regulatory approvals and customary conditions.
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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