secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001628280-24-002803
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/0001628280-24-002803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024002803/laz-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer