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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 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.
PJT Partners (NYSE:PJT) is set to release its third quarter 2021 financial results on October 26, 2021. The earnings report will be accessible on the PJT Partners website. A conference call will follow on the same day at 8:30 a.m. ET, led by CEO Paul J. Taubman and CFO Helen T. Meates. Interested investors can join the call by dialing +1 (800) 263-0877 for domestic or +1 (720) 543-0197 for international access. A replay of the call will be available for three months post-event.
PJT Partners Inc. reported record financial results for Q2 and the first half of 2021, with revenues of $240.7 million, a 3% increase year-over-year. Advisory revenues rose by 3% to $197.6 million, while placement revenues surged by 14% to $40.3 million. Despite challenges in restructuring, the company remains optimistic about future growth. A dividend of $0.05 per share will be paid on September 22, 2021, and a special dividend of $3.00 per share on October 18, 2021. Cash reserves stand at $211.8 million, with no funded debt.
PJT Partners (NYSE:PJT) will release its Q2 2021 financial results on July 29, 2021. A conference call is scheduled for the same day at 8:30 a.m. ET, featuring Paul J. Taubman, CEO, and Helen T. Meates, CFO. Participants can access the call via webcast or phone, with replay options available post-call. PJT Partners specializes in advisory services across various sectors, assisting clients in achieving strategic goals. Investors can find the earnings release on the Investor Relations website.
PJT Partners (NYSE: PJT) reported Q1 2021 total revenues of $206.7 million, up from $200.2 million in Q1 2020. GAAP net income reached $43.8 million compared to $32.0 million last year. Adjusted net income stood at $38.5 million, an increase from $29.1 million. GAAP diluted EPS was $1.03, up from $0.72; adjusted EPS rose to $0.89 from $0.71. CEO Paul J. Taubman attributed the growth to a balanced business model despite a muted restructuring environment.
PJT Partners Inc. (NYSE:PJT) is set to announce its first quarter 2021 financial results on April 27, 2021. The earnings release will be accessible on their Investor Relations website. A conference call will follow at 8:30 a.m. ET on the same day, led by CEO Paul J. Taubman and CFO Helen T. Meates, who will discuss the results and take questions. Investors can join through a dedicated phone line or a listen-only audio webcast. A replay of the call will be available for three months post-event.
For more details, visit www.pjtpartners.com.
PJT Partners reported strong financial results for the year ended December 31, 2020, with total revenues of $1.05 billion, up 47% from $717.6 million in 2019. GAAP net income surged to $212.4 million, yielding a GAAP diluted EPS of $4.40. For Q4 2020, revenues were $322 million, a 29% increase year-over-year. Advisory revenues rose 53% to $872.3 million, attributed to restructuring and strategic advisory services. The company's cash and equivalents stood at $437.4 million, with a share repurchase program authorized for $150 million.
PJT Partners Inc. (NYSE:PJT) is set to release its full year and fourth quarter 2020 financial results on February 2, 2021. The earnings will be available on the investor relations section of their website. Additionally, a conference call will be held at 8:30 a.m. ET on the same day, hosted by Paul J. Taubman and Helen T. Meates, with dial-in options provided for participants. For those unable to attend live, a replay will be accessible for three months after the call.
PJT Partners announced that Chairman and CEO Paul J. Taubman will present at the Goldman Sachs 2020 U.S. Financial Services Conference on December 8, 2020, at 2:20 p.m. ET. The presentation will be available via live webcast through the Investor Relations section of PJT Partners’ website. A replay of the presentation will be accessible for 30 days post-event. PJT Partners is a global advisory-focused investment bank providing a range of strategic advisory services to corporations and financial sponsors worldwide.
PJT Partners announced the appointment of David Travin as General Counsel, effective January 1, 2021. He succeeds James W. Cuminale, who will retire but remain with the firm for a transition period. Travin has been with PJT since 2016, serving as Deputy General Counsel and bringing extensive legal experience from UBS and Deutsche Bank. CEO Paul J. Taubman expressed confidence in Travin’s leadership as the firm continues to build on its success.
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