PJT Partners reports record FY2023 revenue $1.15B (+12% YoY); announces $500M buyback

PJT Partners Inc.

FY2023 revenue $1.153B, up 12%; advisory revenue $1.027B (+25%) offset 47% drop in placement revenue to $103M.
GAAP diluted EPS $3.12; adjusted EPS $3.27; Q4 GAAP EPS $0.87, adjusted $0.96.
Board authorized $500M stock repurchase program, replacing prior authorization; 2.2M share equivalents repurchased in FY2023 at avg $73.50.
Quarterly dividend $0.25 per share payable March 20, 2024 to holders of record March 6, 2024.
Cash, equivalents and ST investments $437M; no funded debt; headcount 1,012, up 12% YoY.

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 full year and quarter ended December 31, 2023 results: revenue Record Revenues of $1.15 billion, an increase of 12% from a year ago, EPS GAAP Diluted EPS of $3.12 and Adjusted EPS of $3.27.

Period: full year and quarter ended December 31, 2023
Revenue: Record Revenues of $1.15 billion, an increase of 12% from a year ago
EPS: GAAP Diluted EPS of $3.12 and Adjusted EPS of $3.27
Result: reported results

Exact text from the filing

Exhibit 99.1 PJT Partners Inc. Reports Full Year and Fourth Quarter 2023 Results; Announces $500 Million Repurchase Authorization Full Year Overview > Record Revenues of $1.15 billion, an increase of 12% from a year ago > GAAP Pretax Income of $178 million and Adjusted Pretax Income of $183 million > GAAP Diluted EPS of $3.12 and Adjusted EPS of $3.27 Fourth

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Source: SEC EDGAR

accession 0000950170-24-011534

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