Lazard Q4 net revenue $806M, EPS $0.65; full-year net loss $75M; board adds Schulman, Howe

Lazard, Inc.

2023-FY EPS reported -$0.90 revenue$2,593,162,000

Q4 GAAP net income $64M ($0.65 diluted EPS); adjusted net income $65M ($0.66). YoY revenue +13%.
Full-year GAAP net loss $75M ($0.90 loss/share); adjusted net income $75M ($0.77). Revenue -9% to $2.5B.
Financial Advisory Q4 revenue +18% to $477M; full year -18% to $1,357M. Asset Mgmt Q4 +6% to $274M; full year -3%.
AUM $247B at year-end (+14% YoY). Dividend $0.50/share payable Feb 23. $200M remaining buyback authorization.
Board appointed former PayPal CEO Dan Schulman and former EY US Chair Stephen Howe Jr., effective Feb 1, 2024.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Dan Schulman

Director

LAZ · Lazard, Inc.

Effective: 2024-02-01
Filed: February 1, 2024, 6:59 PM ET

the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.

Appointed

Stephen R. Howe Jr.

Director

LAZ · Lazard, Inc.

Effective: 2024-02-01
Filed: February 1, 2024, 6:59 PM ET

the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lazard, Inc. reported financial results for full year 2023 and fourth quarter ended December 31, 2023.

Period: full year 2023 and fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 1, 2024, Lazard, Inc. (the “Company”) issued a press release announcing financial results for its full year 2023 and fourth quarter ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Schulman was elected as Director at Lazard, Inc..

Action: elected
Role: Director

Exact text from the filing

the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen R. Howe Jr. was elected as Director at Lazard, Inc..

Action: elected
Role: Director

Exact text from the filing

the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.

View on SEC.gov

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

Lazard, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-002803

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