secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001628280-24-017811
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q1 2024: record adjusted net revenue; EPS $0.66 vs $0.26 loss YoY
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- GAAP net revenue $765M (+41% YoY); adjusted net revenue $747M (+42% YoY).
- GAAP net income $36M ($0.35 diluted); adjusted net income $67M ($0.66 diluted).
- Financial Advisory adj. net revenue $447M (+63% YoY); Asset Management adj. net revenue $276M (+4%).
- AUM $250B (+8% YoY); issued $400M of 6.0% Senior Notes due 2031.
- Declared $0.50 quarterly dividend payable May 17; repurchased 0.6M shares at avg $38.97.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024017811/0001628280-24-017811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024017811/laz-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017811

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