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Evercore Inc. (NYSE: EVR) is a leading global independent investment banking advisory firm, renowned for delivering superior results through independent and innovative advice. Established in 1995 and headquartered in New York, Evercore is dedicated to assisting its clients with strategic matters that are of critical importance to boards of directors, management teams, and shareholders. The firm's core services include mergers and acquisitions, strategic shareholder advisories, restructurings, and capital structure consulting.
Evercore is also a prominent player in capital markets, supporting clients in raising both public and private capital. Additionally, the firm offers comprehensive equity research, sales, and trading execution services. High net worth and institutional investors benefit from Evercore's wealth and investment management services, further solidifying the firm's all-encompassing approach to financial advisory.
The company's global presence is marked by its offices and affiliate locations in key financial hubs across North America, Europe, South America, the Middle East, and Asia. Evercore went public in 2006 and, as of the end of 2023, employs approximately 2,200 professionals. Notably, about 75% of Evercore's revenue is generated from its operations within the United States, with financial advisory being the primary revenue driver.
Evercore's commitment to excellence and independent advice has established it as a trusted advisor in the financial industry. The firm continues to evolve, embracing new opportunities and delivering unparalleled value to its clients. For more information, please visit www.evercore.com.
Evercore (NYSE: EVR) will host its ninth annual Utility CEO Conference in Palm Beach, Florida, on January 12-13, 2023. The event will feature over 30 influential U.S. utilities, providing insights into the future of the U.S. energy transition, focusing on solar, wind, and energy storage. Marc Harris noted the significant investment opportunities expected through 2050. The conference will highlight the impact of the Inflation Reduction Act, which is set to boost renewable investments. Ted Cannis, CEO of Ford Pro, will deliver the keynote address regarding the implications of electric vehicle adoption on the grid.
Evercore (NYSE: EVR) announced that CEO John S. Weinberg will participate in the Goldman Sachs 2022 U.S. Financial Services Conference on December 6, 2022, at 10:00 a.m. Eastern Time in New York. A live audio webcast will be accessible via the For Investors section on Evercore's website, with a replay available for 30 days post-event. Evercore, founded in 1995, is a leading independent investment banking advisory firm that provides strategic advice on mergers, acquisitions, and capital-raising efforts across various global financial markets.
Evercore (NYSE: EVR) has welcomed Richard Hoyle as a Senior Managing Director in its Information and Media practice, based in London. With over 25 years of advisory experience, Hoyle aims to enhance the firm's global advisory efforts in the rapidly growing sector. Previously a global co-head at Lazard, he brings significant M&A expertise. Evercore's leadership highlights Hoyle's role in expanding their global reach and deepening their market presence.
Evercore (NYSE: EVR) is co-hosting a program on digital therapeutics with the Digital Therapeutics Alliance at HLTH 2022 in Las Vegas from November 13-16. The event, titled Digital Therapeutics: An Industry is Growing Up & Breaking Out!, will feature discussions on product launch, reimbursement, and regulatory developments in DTx. Evercore, in its fourth year at HLTH, aims to highlight trends and strategies for enhancing coverage and reimbursement in digital therapeutics, which promise significant health outcomes and economic value.
Evercore (NYSE: EVR) has welcomed Michelle McKenna as a Senior Advisor, focusing on technology, entertainment, and sports. With 30 years of experience, she previously served as the chief information officer for the NFL, where she led significant digital transformation initiatives. McKenna holds a CPA and degrees from Auburn University and Rollins College. Evercore aims to leverage her extensive industry relationships and expertise to enhance its technology and media coverage efforts, as stated by Naveen Nataraj, Co-head of Evercore U.S. Advisory.
Evercore (NYSE: EVR) announced the departure of Chief Financial Officer Celeste Mellet, who will transition to a role with a large alternative asset fund manager. Ms. Mellet will remain with Evercore through February to ensure a smooth transfer of responsibilities. Chairman and CEO John Weinberg expressed gratitude for her contributions, highlighting the firm's strong financial position. Evercore also reported its Q3 2022 financial results today, accessible on their website, with a related conference call scheduled for 8:00 a.m. Eastern Time.
Evercore Inc. (NYSE: EVR) reported Q3 2022 net revenues of $576.9 million, a 30% decline year-over-year, and year-to-date revenues of $1.9 billion, down 11%. Operating income fell to $130.4 million with net income at $82.4 million, reflecting decreased advisory fees and underwriting revenues. The compensation ratio increased to 61.7%. Evercore declared a quarterly dividend of $0.72 per share, with a total of $565.3 million returned to shareholders in 2022. The firm remains focused on its growth strategy amidst market challenges, emphasizing talent acquisition and sector leadership.
Evercore (NYSE: EVR) is set to release its Q3 2022 financial results on October 26, 2022, at 6:45 a.m. ET. The conference call will begin at 8:00 a.m. ET, hosted by John S. Weinberg, Chairman, and Celeste Mellet, CFO. Investors can join by dialling (800) 343-4849 or (203) 518-9856 (passcode: EVRQ322). A live audio webcast will be available on Evercore's website and archived for 30 days. Evercore, founded in 1995, is a leading global independent investment banking advisory firm.
Evercore (NYSE: EVR) has appointed Alexander Krolick as a Senior Managing Director in the Private Capital Markets Group. Based in New York, Krolick will focus on expanding the firm's Infrastructure and Energy debt advisory activities. Previously the Head of Infrastructure and Energy finance at Macquarie Capital, he brings over twenty years of experience in advising on debt capital market transactions. Evercore's leadership expressed optimism about growth opportunities in these sectors.
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