secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001193125-22-125310
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q1 GAAP EPS $1.05, up 40% YoY; revenue $699M, +8%
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- GAAP net income $114M ($1.05 diluted EPS) vs $87M ($0.75) in Q1 2021.
- Adjusted net income $115M ($1.05 diluted EPS) vs $101M ($0.87) in Q1 2021.
- Financial Advisory revenue $388M, +22% YoY; Asset Management revenue $312M, -5% YoY.
- Returned $281M to shareholders: $176M share repurchases (4.7M shares at avg $37.26), $47M dividends.
- AUM $253B at March 31, down 5% YoY; net outflows $6.5B in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000119312522125310/0001193125-22-125310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000119312522125310/d320723d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-125310

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