secwatch.observer — SEC 8-K summary
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Issuer:     PJT Partners Inc. (PJT)
CIK:        0001626115
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000950170-23-056544
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626115/000095017023056544/0000950170-23-056544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626115/000095017023056544/pjt-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056544

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer