Loading...
•
Mar 31, 2024
PWP Q1 2024 Earnings Report
Perella Weinberg's financial performance declined in Q1 2024 due to lower revenues.
Key Takeaways
Perella Weinberg Partners reported a decrease in revenues to $102.1 million, a 22% decrease compared to the first quarter of 2023. The company reported a GAAP diluted EPS of $(0.91) and an adjusted EPS of $(0.10). The company returned $32.2 million to equity holders through share repurchases and dividends.
Revenues decreased by 22% year-over-year to $102 million.
Adjusted Pre-Tax Loss was $(18) Million, while GAAP Pre-Tax Loss was $(51) Million.
Adjusted EPS was $(0.10), and GAAP Diluted EPS was $(0.91).
The company maintained a strong balance sheet with $157 million in cash and no debt.
Forward Guidance
CEO stated momentum continued across our businesses during the quarter. They advised on three of the fifteen announced transactions year-to-date valued over $10 billion and their announced and pending transaction revenue backlog today is at a record high.
Positive Outlook
- Advised on three of the fifteen announced transactions year-to-date valued over $10 billion
- Announced and pending transaction revenue backlog today is at a record high
- Focused on executing clear and simple strategy to scale business
- Continue to advise clients on their most pressing strategic and financial priorities
- Returned $32 Million in Total to Equity Holders
Challenges Ahead
- Revenues decreased by 22% year-over-year
- Adjusted Pre-Tax Loss of $(18) Million
- GAAP Pre-Tax Loss of $(51) Million
- Adjusted EPS of $(0.10)
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...