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Mar 31, 2023
PWP Q1 2023 Earnings Report
Perella Weinberg Partners' financial results for Q1 2023 were reported.
Key Takeaways
Perella Weinberg Partners reported revenues of $131 million, a 13% decrease from the previous year. The adjusted EPS was $0.09, while the GAAP diluted EPS was $(0.37). The firm's balance sheet remains strong with $130 million in cash and no debt.
Revenues decreased by 13% year-over-year to $131 million.
Adjusted operating income margin was 9%, while GAAP operating loss margin was (17.3)%.
Adjusted EPS was $0.09, and GAAP Diluted EPS was $(0.37).
The company repurchased 2.6 million shares and equivalents, including 1.5 million shares in the open market.
Forward Guidance
The company remained focused on scaling the Firm while providing strategic and financial advice to clients and continue to invest in talent to drive revenue growth by broadening industry reach and expanding product capabilities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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