earnings
confidence high
sentiment positive
materiality 0.75
PJT Partners reports Q1 2022 record: revenue $246M, EPS $1.00, up 19% YoY
PJT Partners Inc.
- Total revenues $246M (+19% YoY); advisory $181.7M (+19%), placement $60.4M (+20%).
- GAAP pretax income $50.1M; adjusted pretax $56.2M; diluted GAAP and adjusted if-converted EPS both $1.00.
- Repurchased 1.2M share equivalents in Q1; Board approved new $200M buyback program.
- Quarterly dividend $0.25 per share, payable June 22, 2022 to holders of record June 8, 2022.
- Extended $25M revolving credit facility maturity to Oct 2023; $96M cash and short-term investments.