Perella Weinberg Partners reported a 5% increase in fourth-quarter revenues to $198.9 million compared to $189.1 million in the fourth quarter of 2020. The firm's GAAP net loss was $(18.0) million, while adjusted net income was $38.4 million for the quarter. The company announced a share repurchase authorization of $100 million and declared a quarterly dividend of $0.07 per share.
Revenues increased by 5% compared to the same period in 2020, reaching $198.9 million.
GAAP net loss was $(18.0) million, while adjusted net income reached $38.4 million.
The company continues to expand coverage and expertise across sectors, products, and geographies.
A share repurchase authorization of $100 million was announced.
PWP is focused on building long-term shareholder value, providing first-class advice to clients, adding and developing exceptional talent, demonstrating margin discipline, and returning capital to shareholders.
Analyze how earnings announcements historically affect stock price performance