Perella Weinberg Partners - PWP STOCK NEWS

Perella Weinberg Partners (NASDAQ:PWP) plans to release its financial results for the full year and fourth quarter of 2022 on February 9, 2023, prior to market opening. A conference call and webcast to discuss the results will take place at 9:00 AM ET on the same day, accessible through the Investors section of PWP's website. A replay of the call will be available starting two hours after the live event until February 16, 2023. PWP is a leading independent advisory firm providing strategic and financial advice to a diverse global client base, with approximately 650 employees across key cities worldwide.

On January 1, 2023, Perella Weinberg Partners (PWP) promoted Anthony Giuliano and Cory Hill to Partners, recognizing their significant contributions to the firm. Anthony, based in New York, specializes in the consumer and retail sectors, while Cory, located in Los Angeles, is an expert in industrials and energy transition services. Both have extensive experience in investment banking, with Giuliano having over 17 years and Hill over 18 years in the field. PWP's CEO, Andrew Bednar, praised their dedication and alignment with the firm's values. PWP is a leading independent advisory firm with around 650 employees and offices in major cities worldwide.

Perella Weinberg Partners (PWP) will participate in the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 2:20 PM ET. The event will feature presentations by Chairman and CEO Peter Weinberg and Co-President Andrew Bednar. A live webcast will be accessible on the Investor's section of PWP’s website, with a replay available after the presentation.

PWP is a leading global independent advisory firm serving a diverse range of clients, including corporations and governments. The firm has approximately 650 employees and multiple global offices.

Perella Weinberg Partners (PWP) reported Q3 2022 revenues of $145.4 million, an 18% decrease from $177.4 million in Q3 2021. For the first nine months, revenues were $448.4 million, down 26% year-over-year. The firm posted an adjusted net income of $25.9 million for Q3 and $69.6 million for the nine months, contrasting with a GAAP net loss of $(12.9) million and $(9.1) million, respectively. PWP's strong balance sheet features $281.7 million in cash and no debt, and a quarterly dividend of $0.07 per share has been declared.

Perella Weinberg Partners (NASDAQ:PWP) announced plans to release its third quarter 2022 financial results on November 3, 2022, prior to market opening. The management team will host a conference call and webcast on the same day at 9:00 AM ET to discuss the results. A public webcast will be available via PWP's Investor Relations website. The call can be accessed domestically at (800) 579-2543 and internationally at (785) 424-1789, with a conference ID of PWPQ322. A replay will be accessible for two hours post-call through November 10, 2022.

Perella Weinberg Partners (PWP) announced that Peter Weinberg will step down as CEO on January 1, 2023, transitioning to Chairman of the Board. Andrew Bednar, a founding partner and Co-President, will become the new CEO. Under Weinberg's leadership, the firm has grown to approximately 650 employees and generated around $800 million in revenue in 2021. Bednar brings over 25 years of investment banking experience, emphasizing a commitment to advising clients on complex strategic challenges and continuing the firm's mission.

Perella Weinberg Partners (PWP) announced the appointment of Diego Simonian as Partner in its Advisory Business, enhancing its Global Industrials Practice. Based in New York, Simonian will focus on mergers and acquisitions, financings, private placements, and restructurings for infrastructure investors. He brings 23 years of experience from J.P. Morgan, where he served as Global Co-Head of Infrastructure Investor Coverage. Simonian's extensive sector knowledge will help PWP expand its offerings in Transportation, Power, and various infrastructure sectors.

Raj Dayalan joins PWP as Partner in Advisory Business

On September 7, 2022, Perella Weinberg Partners (NASDAQ: PWP) announced the appointment of Raj Dayalan as a Partner in its Technology Group. Based in Los Angeles, he brings nearly 20 years of investment banking experience, specializing in M&A and financing transactions in the Telecommunications, Media, and Technology sectors. His expertise focuses on application software and B2B2C internet, particularly in marketing technology and data analytics. This strategic addition aims to enhance PWP's capabilities in the evolving technology landscape.

Perella Weinberg Partners (PWP) has completed its exchange offer and consent solicitation for outstanding warrants. Holders of the warrants received 0.20 shares of Class A common stock for each warrant tendered, resulting in the issuance of 1,493,688 shares. The company plans to exchange all remaining untendered warrants at a ratio of 0.18 shares per warrant on September 7, 2022. Following this, no public or private placement warrants will remain outstanding. Citigroup acted as the Dealer Manager for the offer.