secwatch.observer — SEC 8-K summary
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Issuer:     PJT Partners Inc. (PJT)
CIK:        0001626115
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000950170-24-087498
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PJT Partners reports record Q2 revenue of $360M; adj. EPS $1.19, up 20% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024087498/0000950170-24-087498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024087498/pjt-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087498

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