PWP

Nov 07, 2023

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Sep 30, 2023

PWP Q3 2023 Earnings Report

PWP's financial results for the third quarter ended September 30, 2023 were reported.

Key Takeaways

Perella Weinberg Partners reported revenues of $139 million for the third quarter of 2023, a 4% decrease compared to the same period last year. Adjusted EPS was $0.12, while GAAP Diluted EPS was $(0.27). The company's adjusted operating income margin was 8.5%, and the GAAP operating loss margin was (19.2)%.

Revenues were $139 million, down 4% from a year ago.

Adjusted operating income margin was 8.5%, while GAAP operating loss margin was (19.2)%.

Adjusted EPS was $0.12; GAAP diluted EPS was $(0.27).

The company continues to add senior bankers to expand client coverage and accelerate growth, adding six new partners and seven new managing directors year-to-date.