secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001628280-25-019784
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q1 GAAP revenue $648M (-15% YoY); adj. EPS $0.56, down 15% YoY
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- Financial Advisory revenue $367M (-19% YoY); Asset Management revenue $288M (-2%).
- GAAP net income $60M up 69% YoY; adjusted net income $60M down 9% YoY.
- AUM $227B (-9% YoY); net outflows of $3.7B in Q1.
- Adjusted comp ratio 65.5% (target ≤60%); non-comp ratio 23% (target 16-20%).
- Quarterly dividend maintained at $0.50/share; announced strategic alliance with Arini Capital Management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828025019784/0001628280-25-019784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828025019784/laz-20250425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019784

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