PJT Partners Q3 revenue up 5% to $278M; adjusted EPS $0.78, down from $0.93 a year ago

PJT Partners Inc.

Advisory revenue rose 9% to $244M on higher restructuring; placement revenue fell 33% to $26.7M.
GAAP pretax income was $42.6M vs $47.6M; adjusted pretax income was $43.8M vs $54.0M.
Nine-month revenue hit record $825M (+11%); adjusted EPS $2.30 vs $2.67 prior year.
Quarterly dividend of $0.25 declared, payable Dec 20; 2.0M share equivalents repurchased YTD at avg $72.09.
Balance sheet shows $355M cash and no funded debt.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PJT Partners Inc. reported the nine months ended September 30, 2023 results: revenue $825 million, EPS GAAP Diluted EPS of $2.20 and Adjusted EPS of $2.30.

Period: the nine months ended September 30, 2023
Revenue: $825 million
EPS: GAAP Diluted EPS of $2.20 and Adjusted EPS of $2.30
Result: reported results

Exact text from the filing

Income of $43 million and Adjusted Pretax Income of $44 million > GAAP Diluted EPS of $0.68 and Adjusted EPS of $0.78 Nine Months Overview > Record Nine Months Revenues of $825 million, an increase of 11% from a year ago > GAAP Pretax Income of $126 million and Adjusted Pretax Income of $130 million > GAAP Diluted EPS of $2.20 and Adjusted EPS of $2.30 Capital

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PJT Partners Inc. reported the third quarter ended September 30, 2023 results: revenue $278 million, EPS GAAP Diluted EPS of $0.68 and Adjusted EPS of $0.78.

Period: the third quarter ended September 30, 2023
Revenue: $278 million
EPS: GAAP Diluted EPS of $0.68 and Adjusted EPS of $0.78
Result: reported results

Exact text from the filing

a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 PJT Partners Inc. Reports Third Quarter and Nine Months 2023 Results Third Quarter Overview > Quarterly Revenues of $278 million, an increase of 5% from a year ago > GAAP Pretax Income of $43 million and Adjusted Pretax Income of $44 million > GAAP Diluted EPS of $0.68 and Adjusted EPS of $0.78 Nine Months

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Source: SEC EDGAR

accession 0000950170-23-056544

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