Welcome to our dedicated page for Pjt Partners news (Ticker: PJT), a resource for investors and traders seeking the latest updates and insights on Pjt Partners stock.
PJT Partners Inc. (NYSE: PJT) is an advisory-focused investment bank whose news flow is dominated by earnings announcements, capital management updates, governance developments, and corporate presentations. Company press releases regularly provide detailed financial results, including the breakdown of revenues into advisory fees, placement fees, and interest income and other, as well as discussions of compensation and non-compensation expenses.
Investors following PJT news can expect recurring updates on quarterly and full-year performance, where management comments on strategic advisory, restructuring, private capital solutions, and fund placement activity that drive advisory and placement revenues. These releases often highlight record periods for revenues, pretax income, and earnings per share, along with commentary on how market conditions and the firm’s mix of businesses influence results.
News items also cover capital management and balance sheet actions, such as share and partnership unit repurchases, remaining repurchase authorizations, cash, cash equivalents and short-term investments, and the absence of funded debt at reported dates. Regular announcements of quarterly dividends on Class A common stock, including declaration details from the Board of Directors, are another recurring theme.
Corporate governance and leadership developments appear in PJT’s news as well, including the appointment of new directors to the Board and committee assignments, with related 8-K filings and press releases describing director experience and independence determinations. The company also issues notices about upcoming earnings releases, investor conference calls, and presentations at financial services conferences, giving analysts and shareholders visibility into scheduled events.
This PJT Partners news page aggregates these disclosures so readers can review financial performance commentary, capital allocation decisions, governance updates, and event announcements in one place, helping them understand how the firm communicates its advisory-focused strategy and operating trends over time.
PJT Partners reported record financial results for full year 2024, with revenues reaching $1.49 billion, up 29% from 2023. The company achieved significant growth across key metrics, with GAAP Pretax Income of $271 million and Adjusted Pretax Income of $278 million, both increasing 52% year-over-year.
Fourth quarter performance was particularly strong, with revenues of $477 million, up 45% from the previous year. GAAP Diluted EPS reached $4.92 for the full year (up 58%) and $1.83 for Q4 (up 110%). The company's headcount grew 13% to 1,143 employees.
PJT Partners maintained a strong balance sheet with $547 million in cash and equivalents at year-end with no funded debt. The company actively managed capital, repurchasing 3.1 million shares and share equivalents during 2024 at an average price of $109.14 per share. A quarterly dividend of $0.25 per share was declared, payable March 19, 2025.
PJT Partners (NYSE:PJT) has announced it will release its full year and fourth quarter 2024 financial results on Tuesday, February 4, 2025. The company will host a conference call at 8:30 a.m. ET on the same day, featuring Chairman and CEO Paul J. Taubman and CFO Helen T. Meates, who will review results and take questions.
Investors and analysts can join the conference call by dialing +1 (800) 245-3047 (U.S. domestic) or +1 (203) 518‑9765 (international) with passcode PJTP4Q24. A listen-only webcast will be available through the company's Investor Relations website. A replay will be accessible for four months starting at approximately 11:30 a.m. ET on February 4.
PJT Partners (NYSE:PJT) has announced that Chairman and CEO Paul J. Taubman will present at the Goldman Sachs 2024 Financial Services Conference on December 11, 2024, at 10:40 a.m. ET. The presentation will be accessible via live webcast through the Investor Relations section of PJT Partners' website. A replay will remain available for three months after the event.
PJT Partners reported strong financial results for Q3 2024, with record quarterly revenues of $326 million, up 17% year-over-year. The company achieved GAAP Pretax Income of $49 million and Adjusted Pretax Income of $51 million, both increasing 16%. For the nine months ended September 30, 2024, revenues reached a record $1.02 billion, up 23% from the previous year. The growth was driven by increases in advisory fees, placement fees, and interest income. The company maintained strong capital management, repurchasing 2.6 million shares through September 2024 and holding $477 million in cash with no funded debt. PJT Partners also completed the acquisition of deNovo Partners on October 1, 2024.
PJT Partners Inc. (NYSE:PJT) has announced its plans to release third quarter 2024 financial results on Tuesday, October 29, 2024. The company will host a conference call at 8:30 a.m. ET on the same day to review the results. Paul J. Taubman, Chairman and CEO, and Helen T. Meates, CFO, will be available to answer questions during the call.
Investors and analysts can participate by dialing +1 (800)-343-5172 (U.S. domestic) or +1 (203)-518-9848 (international) with the passcode PJTP3Q24. The call will also be accessible as a listen-only audio webcast through PJT Partners' Investor Relations website. A replay of the webcast will be available for four months starting at approximately 11:30 a.m. ET on October 29, 2024.
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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