earnings
confidence high
sentiment positive
materiality 0.75
Lazard reports record annual revenue $3,139M and adjusted EPS $5.04; Q4 adjusted EPS $1.92
Lazard, Inc.
2021-FY EPS reported
$4.63
revenue$3,273,816,000
- Full-year 2021 adjusted net income $576M ($5.04 diluted EPS); GAAP net income $528M ($4.63 EPS).
- Annual operating revenue $3,139M (+24% YoY); Financial Advisory $1,778M (+27%), Asset Management $1,329M (+20%).
- Q4 2021 adjusted EPS $1.92, operating revenue $968M (+14% YoY); both quarterly records.
- AUM $274B at year-end (+6% YoY); average AUM $272B (+21%).
- Board authorized new $300M share repurchase (expires Dec 2024); declared $0.47 quarterly dividend payable Feb 25, 2022.