secwatch.observer — SEC 8-K summary
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Issuer:     PJT Partners Inc. (PJT)
CIK:        0001626115
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000950170-24-011534
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024011534/0000950170-24-011534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024011534/pjt-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011534

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