earnings
confidence high
sentiment positive
materiality 0.75
PJT Partners reports record Q2 revenue of $360M; adj. EPS $1.19, up 20% YoY
PJT Partners Inc.
- Advisory revenue $307.1M (-5% YoY) on lower restructuring; placement revenue $46.9M (+134%) on fund placement strength.
- GAAP pretax income $64.4M (+19%); adjusted pretax income $65.7M (+19%).
- Cash, equivalents and short-term investments $351M; no funded debt. Repurchased 0.7M share equivalents in Q2 at avg $96.45.
- Quarterly dividend declared $0.25 per share, payable Sept 18 to holders of record Sept 4.
- New $100M revolving credit facility entered July 29, replacing $60M facility; SOFR+1.85% interest, maturity July 2026.