Q1 revenue down 21% YoY; EPS $2.06 GAAP; dividend raised to $0.76

Evercore Inc.

2023-Q1 EPS reported $2.06 revenue$576,314,000

Net revenues $572.1M (GAAP), down 21% YoY; advisory fees fell 26% to $462.6M; underwriting fees down 37%.
GAAP diluted EPS $2.06 vs $3.79; adjusted EPS $2.16 vs $3.80; net income $83.4M GAAP.
Quarterly dividend raised 6% to $0.76/share; paid June 9 to record May 26; $327.8M returned to shareholders via dividends and buybacks.
Restructuring activity strong; notable deals: advised Blackstone on $4.6B Cvent acquisition and Diversey special committee on $4.6B sale to Solenis.
Tim LaLonde became CFO effective March 6; headcount ~2,135; 178 Senior Managing Directors.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Evercore Inc. reported first quarter ended March 31, 2023 results: revenue $ 572.1, net income $ 83.4, EPS $ 2.06.

Period: first quarter ended March 31, 2023
Revenue: $ 572.1
Net income: $ 83.4
EPS: $ 2.06
Result: reported results

Exact text from the filing

REPORTS FIRST QUARTER 2023 RESULTS; INCREASES QUARTERLY DIVIDEND TO $0.76 PER SHARE First Quarter Results U.S. GAAP Adjusted Q1 2023 Q1 2022 Q1 2023 Q1 2022 Net Revenues ($ mm) $ 572.1 $ 722.9 $ 577.8 $ 728.3 Operating Income ($ mm) $ 106.9 $ 209.4 $ 115.5 $ 214.8 Net Income Attributable to Evercore Inc. ($ mm) $ 83.4 $ 158.0 $ 93.3 $ 173.3 Diluted Earnings Per

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Evercore Inc. filing history →

Source: SEC EDGAR

accession 0001360901-23-000008

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