---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002803"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T10:44:35.463447+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-002803
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/0001628280-24-002803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/laz-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002803
- JSON: https://secwatch.observer/filing/0001628280-24-002803.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002803.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/0001628280-24-002803-index.htm
- Executive change
  Dan Schulman was elected as Director at Lazard, Inc..
  - Action: elected
  - Role: Director
  source text: the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/0001628280-24-002803-index.htm
- Executive change
  Stephen R. Howe Jr. was elected as Director at Lazard, Inc..
  - Action: elected
  - Role: Director
  source text: the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/0001628280-24-002803-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.