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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 announced the appointment of K. Don Cornwell to its Board of Directors, effective January 2023. A partner since 2015, Cornwell played a vital role in developing the firm’s Strategic Advisory business and has extensive experience in gaming, sports, and entertainment deals. He previously led the sports practice at Morgan Stanley and served as a management consultant at McKinsey & Co. His new venture, Dynasty Equity, focuses on minority investments in sports teams. CEO Paul J. Taubman expressed confidence in Cornwell's insights enhancing the company's growth.
PJT Partners reported a 3% decline in total revenues for Q2 2022, totaling $233 million, compared to $240.7 million in Q2 2021. GAAP pretax income decreased 17% to $44 million, with diluted EPS at $0.74, down 17%. Conversely, revenues for the first half of 2022 rose 7% year-over-year to $479 million, with significant growth in placement revenues. The company has a strong balance sheet, holding $181 million in cash. Additionally, a quarterly dividend of $0.25 per share was declared.
PJT Partners Inc. (NYSE:PJT) will release its second quarter 2022 financial results on July 26, 2022. The earnings report will be available in the Investor Relations section of the PJT Partners website. Following the release, a conference call will be held at 8:30 a.m. ET on the same day, featuring insights from Paul J. Taubman, CEO, and Helen T. Meates, CFO. Investors can join via phone or listen online. A replay will be available for three months after the call.
PJT Partners reported Q1 2022 revenues of $246 million, a 19% increase year-over-year, driven by strong advisory and placement revenues. Pretax income reached $50 million, with earnings per share at $1.00. The firm repurchased 1.2 million shares and announced a $200 million share repurchase program. PJT maintains a robust balance sheet with nearly $96 million in cash reserves. A quarterly dividend of $0.25 per share has been declared, to be paid on June 22, 2022. Despite macroeconomic challenges, the company expresses confidence in its growth prospects.
PJT Partners (NYSE:PJT) will release its first quarter 2022 financial results on April 26, 2022. The results will be available in the Investor Relations section of PJT Partners' website. A conference call will be hosted on the same day at 8:30 a.m. ET, featuring CEO Paul J. Taubman and CFO Helen T. Meates. Participants can join via phone or webcast. A replay will be accessible for three months post-call.
For more information, visit www.pjtpartners.com.
PJT Partners reported total revenues of $992 million for 2021, a 6% decline from the previous year. The company achieved a GAAP pretax income of $219 million and a diluted EPS of $3.99. In Q4, revenues were $313 million, down 3% year-over-year. However, advisory revenues fell 11%, while placement revenues surged 34% to $217 million.
The firm announced a significant increase in its quarterly dividend from $0.05 to $0.25, payable on March 23, 2022. The company ended the year with $200 million in cash and equivalents.
PJT Partners Inc. announces the passing of Dennis S. Hersch, a pivotal member of its Board of Directors since 2015. Hersch served as Lead Director and was involved in both the Audit and Compensation Committees. His leadership was characterized by wisdom and integrity, contributing significantly to the firm's growth. Hersch previously held leadership roles at J.P. Morgan and was a partner at Davis Polk. The company expresses deep condolences to his family and acknowledges his invaluable contributions.
PJT Partners (NYSE:PJT) is set to release its fourth quarter and full year 2021 financial results on February 1, 2022. A conference call will occur at 8:30 a.m. ET on the same day, featuring CEO Paul J. Taubman and CFO Helen T. Meates. Investors can join the call via phone or listen online. For those unable to attend, a replay will be available later that day. This announcement highlights PJT's commitment to transparency regarding its financial performance and strategic advisory services for various clientele globally.
PJT Partners Inc. (NYSE:PJT) announces that its Chairman and CEO, Paul J. Taubman, will present at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 1:00 p.m. ET. A live webcast of the presentation will be accessible via the Investor Relations section on PJT Partners' website, with a replay available for 30 days post-event. PJT Partners is a leading global advisory-focused investment bank, providing strategic advisory and capital markets services.
PJT Partners reported third quarter 2021 revenues of $231 million, a 22% decline year-over-year, with advisory revenues down 31% to $180 million, while placement revenues increased 48% to $47 million. Year-to-date, total revenues were $679 million, down 7%. GAAP pretax income was $48 million with diluted EPS at $0.82. The company repurchased approximately 2.9 million shares year-to-date, holding $334 million in cash. Despite challenges in restructuring, management remains confident in future growth prospects.
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