Welcome to our dedicated page for Perella Weinberg Partners news (Ticker: PWP), a resource for investors and traders seeking the latest updates and insights on Perella Weinberg Partners stock.
Perella Weinberg Partners L.P. (PWP) is a prominent global financial services firm that specializes in investment banking advisory services. Established in 2006 by industry veterans Joseph R. Perella, Peter A. Weinberg, and Terry Meguid, PWP has carved a niche for itself as an independent advisory firm offering comprehensive strategic and financial guidance to a varied client base. The firm went public in 2021, further solidifying its position in the financial sector.
PWP’s core business revolves around providing expert advice on strategic and financial decisions, mergers and acquisitions execution, shareholder and defense advisory, and financing and capital solutions. With a dedicated focus on restructuring and liability management, PWP stands out for its capital markets advisory, private capital placements, and specialized underwriting and research services, particularly within the energy sector and related industries.
Recent achievements highlight PWP's robust financial health and strategic initiatives. For the third quarter ending September 30, 2023, and the full year and fourth quarter ending December 31, 2023, PWP reported significant financial results, emphasizing revenue growth, prudent expense management, and strategic talent investments. These results are a testament to the firm’s enduring commitment to delivering value to its stakeholders.
PWP continues to bolster its capabilities with strategic appointments, enhancing its global media and technology services. The firm’s forward-looking approach is evident in its ongoing projects and collaborations, positioning itself as a trusted advisor in the dynamic financial landscape.
For the latest updates and detailed financial overviews, investors and interested parties can reach out via their dedicated contacts for investor relations and media inquiries: investors@pwpartners.com and media@pwpartners.com.
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.
Perella Weinberg Partners (PWP) reported strong Q2 2024 results with revenues of $272 million, up 64% year-over-year. The firm's adjusted pre-tax income was $63 million, while GAAP pre-tax loss was $(81) million. Adjusted EPS stood at $0.43, with GAAP diluted EPS at $(1.21). For the first half of 2024, revenues increased 26% to $374 million. PWP continued its talent investment, adding three new partners and nine new managing directors year-to-date. The firm maintained a strong balance sheet with $185 million in cash and no debt. PWP also retired approximately 10.4 million share equivalents and returned $162 million to equity holders year-to-date. A quarterly dividend of $0.07 per share was declared.
Perella Weinberg Partners (NASDAQ:PWP), a global independent advisory firm, has promoted four Managing Directors to Partners. The new Partners are:
- William Glass - Healthcare, New York
- Alexandra Gottschalk - Chief Financial Officer, Houston
- Sam Tanzer - Financing & Capital Solutions, New York
- Rebekah Weissburg - Chief Human Resources Officer, New York
CEO Andrew Bednar praised their contributions to the business and culture, emphasizing their commitment to the firm's core values. The promotions aim to enhance Perella Weinberg's franchise and drive business growth through client-focused leadership and collaboration.
Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, has announced plans to release its second quarter 2024 financial results on Friday, August 2, 2024, before the market opens. The company will host a conference call and webcast on the same day at 9:00AM ET to review the results.
Investors can access the webcast through the Investors section of the company's website. For those preferring to dial in, the following information is provided:
- Domestic: (800) 579-2543
- International: (785) 424-1789
- Conference ID: PWPQ224
A replay of the call will be available for one week, accessible via phone or the company's website.
Perella Weinberg Partners (PWP) reported first quarter 2024 financial results with revenues of $102 million, down 22% from the previous year. Adjusted pre-tax loss was $(18) million, with GAAP pre-tax loss at $(51) million. Adjusted EPS was $(0.10), while GAAP diluted EPS stood at $(0.91). The firm maintained a strong balance sheet with $157 million in cash and no debt, repurchased 2 million share equivalents, declared a quarterly dividend of $0.07 per share, and returned $32 million to equity holders. Despite revenue decline, PWP remains focused on strategic business growth and client support.
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