secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001628280-24-044403
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q3 2024 adjusted EPS $0.38, revenue up 21% YoY on Advisory strength
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- Total adjusted net revenue $646M (+21% YoY); Financial Advisory up 41% to $369M.
- Adjusted EPS $0.38 vs $0.10 prior year; GAAP EPS $1.02 includes $0.65 gain on building sale.
- Asset Management AUM $248B (+8% YoY); net outflows $12.4B but market appreciation offset.
- Board declared $0.50/share dividend payable Nov 15; share repurchase authorization $356M.
- Notable M&A mandates: Kellanova/Mars ($35.9B), TPG/Techem (€6.7B), Carlyle/Cogentrix ($3B).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024044403/0001628280-24-044403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024044403/laz-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044403

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