Perella Weinberg Partners reports developments tied to its role as a global independent advisory firm serving corporations, financial sponsors, governments and sovereign wealth funds. News commonly covers advisory revenue, client fee activity, mergers and acquisitions execution, shareholder and defense advisory, financing and capital solutions, restructuring and liability management, capital markets advisory and private capital placement.
Company updates also address quarterly and annual results, balance sheet actions, dividends, share retirements and changes in the operating partnership structure. Recurring business developments include senior talent additions across industry coverage areas such as technology and healthcare, platform expansion through completed acquisitions, and commentary on advisory demand across global markets.
Perella Weinberg Partners (NASDAQ:PWP) has announced the promotion of six Managing Directors to Partners of the Firm. The promotions span across key sectors including healthcare, energy, technology, and financial services, strengthening the firm's global presence in New York, Houston, San Francisco, Munich, and London.
The newly promoted partners include MK Alisdairi (Healthcare), Jake Boos and Eric Marshall (Energy), Jim Buckley (Technology), Holger Schmidt (Financial Services), and Klaus Wülfing (DACH region). These professionals bring significant experience ranging from 15 to 25 years in investment banking.
Perella Weinberg Partners (NASDAQ:PWP) has scheduled the release of its first quarter 2025 financial results on Friday, May 2, 2025, before market opening. The company will host a conference call and webcast at 9:00 AM ET on the same day to discuss the results.
Investors can access the webcast through the company's investor relations website. For those joining by phone, domestic callers can dial (800) 267-6316, while international participants should use (203) 518-9783, with Conference ID: PWPQ125. A replay will be available for one week until May 9, 2025, accessible via phone or the company's website.
Perella Weinberg Partners (PWP) reported strong financial results for 2024, with full-year revenues reaching $878 million, up 35% from 2023. The company posted an Adjusted Pre-Tax Income of $137 million, though GAAP Pre-Tax showed a loss of $(68) million. Fourth quarter revenues increased 6% year-over-year to $226 million.
The firm maintained a robust balance sheet with $407.4 million in cash and short-term investments, carrying no debt. Throughout 2024, PWP returned $282 million to equity holders and retired approximately 14.5 million shares through various mechanisms. The company expanded its talent pool, adding five partners and eleven managing directors.
The Board declared a quarterly dividend of $0.07 per share, payable March 10, 2025. At year-end, PWP had 59.2 million shares of Class A common stock and 27.5 million partnership units outstanding.
Perella Weinberg Partners (NASDAQ:PWP) has announced it will release its full year and fourth quarter 2024 financial results on Friday, February 7, 2025, before market opens. The company will host a conference call and webcast at 9:00AM ET on the same day to review the results.
Investors can access the webcast through the company's investor relations website. The conference call will be available via dial-in numbers for both domestic (800-267-6316) and international (203-518-9783) participants using Conference ID: PWPQ424. A replay will be accessible until February 14, 2025, through the company's website or by calling dedicated domestic and international numbers.
Perella Weinberg Partners (Nasdaq: PWP) has announced the appointment of Erik Maris to its European practice. Maris, who brings over 30 years of investment banking experience, will work with French and European Partners in providing strategic advice across sectors. He previously served as an Advisory Partner at Advent International, co-founded Messier Maris & Associes, and was Managing Partner at Lazard France. The hire represents PWP's continued investment in senior talent and commitment to strengthening its European presence.
Perella Weinberg Partners (PWP) reported strong Q3 2024 financial results with revenues of $278.2 million, up 100% from Q3 2023. The company achieved adjusted pre-tax income of $52 million and GAAP pre-tax income of $36 million, resulting in adjusted EPS of $0.34 and GAAP diluted EPS of $0.24. For the nine-month period, revenues reached $652.4 million, a 50% increase year-over-year. PWP maintains a strong balance sheet with $335.1 million in cash and investments, with no debt. The company returned $215.1 million to equity holders year-to-date and declared a quarterly dividend of $0.07 per share.
Perella Weinberg Partners (Nasdaq: PWP) has appointed Michael Masterson as Partner in its Advisory Business. Based in New York, Masterson will join the Firm's Industrials practice, focusing on transportation, leasing, and logistics sectors. He previously served as Managing Director and Head of Transportation Corporate Advisory at Greenhill & Co., and held leadership positions at Deutsche Bank. The appointment aims to strengthen PWP's capabilities in transportation and leasing sectors, which are experiencing active consolidation and financing activities.
Perella Weinberg Partners (NASDAQ:PWP) has announced it will release its third quarter 2024 financial results on Friday, November 8, 2024, before market opens. The company will host a conference call and webcast at 9:00AM ET on the same day to review the results. Investors can access the webcast through the company's investor relations website, or join via phone using the provided dial-in numbers. A replay will be available until November 15, 2024, accessible through both phone and website.
Perella Weinberg Partners (Nasdaq: PWP) has announced the appointment of Susan Roddy as a Partner in its Advisory Business. Based in New York, Roddy will serve as Co-Head of the Firm's Consumer & Retail practice, focusing on strategic advice for clients in the consumer health, wellness, beauty, and personal care sectors.
Roddy joins PWP after over a decade at Houlihan Lokey, where she was a Managing Director leading the Consumer Health and Personal Care practice. She previously worked in Corporate Strategy and Development at PepsiCo. With over two decades of experience, Roddy is expected to expand PWP's client coverage in the active consumer sector.