earnings
confidence high
sentiment negative
materiality 0.70
Perella Weinberg Q1 revenue down 22% to $102M; adjusted EPS $(0.10); record backlog cited
Perella Weinberg Partners
2024-Q1 EPS reported
-$0.91
revenue$102,127,000
- Revenue $102M (-22% YoY); GAAP diluted EPS $(0.91); adjusted EPS $(0.10).
- Adjusted pre-tax loss of $(18)M; GAAP pre-tax loss of $(51)M.
- Cash $157M, no debt; repurchased ~2M shares; returned $32M to holders.
- Declared quarterly dividend of $0.07 per share; capital return strategy ongoing.
- CEO notes record high announced and pending transaction backlog; strong momentum.