{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-035178","form_type":"8-K","ticker":"LAZ","cik":"0001311370","company_name":"Lazard, Inc.","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.576724+00:00","generated_at":"2026-06-09T08:07:19.445993+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lazard Q3 adjusted EPS $0.10, revenue down 27% YoY; plans C-corp conversion","bullets":["Adjusted net income $10M ($0.10/diluted); GAAP net income $7M ($0.06).","Financial Advisory revenue $261M, down 42% YoY; Asset Mgmt revenue $262M flat.","AUM $228B (+15% YoY); net outflows $2.0B in Q3.","Converting to U.S. C-corp effective Jan 1, 2024; expects low single-digit tax rate increase.","Q4 dividend $0.50/share; YTD returned $285M to shareholders ($102M buybacks)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-035178","json":"https://secwatch.observer/filing/0001628280-23-035178.json","markdown":"https://secwatch.observer/filing/0001628280-23-035178.md","text":"https://secwatch.observer/filing/0001628280-23-035178.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/0001628280-23-035178-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/laz-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:07:19.445993+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1bbfa45914c66558d57fde011e50221ea7269964","claim":"Lazard, Inc. reported first nine months of 2023 results: revenue $1,679 million, net income $10 million, EPS $0.10 per share, diluted.","evidence_excerpt":"5 of this release. A reconciliation of adjusted GAAP to U.S. GAAP is on pages 13-14. 1 OPERATING REVENUE Operating revenue was $532 million for the third quarter of 2023, and $1,679 million for the first nine months of 2023, 27% and 20% lower, respectively, from the comparable 2022 periods. Financial Advisory For the third quarter of 2023, Financial Advisory","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/0001628280-23-035178-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first nine months of 2023"},{"label":"Revenue","value":"$1,679 million"},{"label":"Net income","value":"$10 million"},{"label":"EPS","value":"$0.10 per share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7000005c5164981afc3ef50f5d7359aa3838875d","claim":"Lazard, Inc. reported third quarter ended September 30, 2023 results: revenue $532 million, net income $10 million, EPS $0.10 per share, diluted.","evidence_excerpt":"Lazard Ltd (NYSE: LAZ) today reported operating revenue 1 of $532 million for the quarter ended September 30, 2023. Net income, as adjusted 2 , was $10 million, or $0.10 per share, diluted, for the quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/0001628280-23-035178-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$532 million"},{"label":"Net income","value":"$10 million"},{"label":"EPS","value":"$0.10 per share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}