PWP

Aug 03, 2023

•

Jun 30, 2023

PWP Q2 2023 Earnings Report

PWP's revenue increased and adjusted EPS was positive, reflecting growth in a challenging M&A market.

Key Takeaways

Perella Weinberg Partners reported a 10% increase in revenues compared to the previous year, driven by increased mergers and acquisition activity. The adjusted EPS was $0.16, while the GAAP diluted EPS was $(0.19). The firm continues to invest in talent and manage capital effectively, with a strong balance sheet and no debt.

Revenues increased by 10% year-over-year to $166 million.

Adjusted Operating Income Margin was 9.4%, while GAAP Operating Loss Margin was (13.1)%.

Adjusted EPS was $0.16, and GAAP Diluted EPS was $(0.19).

The company maintains a strong balance sheet with $180 million in cash and short-term investments and no debt.