earnings
confidence high
sentiment positive
materiality 0.75
Lazard Q1 2022 adjusted EPS $1.05, revenue $699M; Financial Advisory up 22%
Lazard, Inc.
2022-Q1 EPS reported
$1.05
revenue$716,144,000
- Adjusted diluted EPS $1.05 vs $0.87 YoY (+21%); GAAP EPS $1.05; adjusted net income $115M.
- Total operating revenue $699M (+8% YoY); Financial Advisory $388M (+22%), Asset Management $312M (-5%).
- AUM $253B at period end (-5% YoY); net outflows $6.5B and market depreciation $12.4B in Q1.
- Returned $281M to shareholders: $47M dividends, $176M share repurchases (4.7M shares at $37.26 avg), $58M tax withholdings.
- Quarterly dividend of $0.47 declared, payable May 20, record May 9; remaining buyback authorization $318M.