Evercore Q1 2020 Earnings Report
Key Takeaways
Evercore reported the second strongest first quarter revenues in its history, with net revenues increasing by 3% compared to Q1 2019. The company's Equities team was active, and previously announced transactions were completed. However, the company anticipates that revenues and operating margins in upcoming quarters will be significantly and negatively affected by the depressed economic and market environment caused by COVID-19.
Net Revenues increased versus the prior year period.
Maintained a top league table ranking among independents.
Advised on two of the four largest global M&A transactions and four of the seven largest U.S. M&A transactions in Q1.
Commission revenues increased 32% versus the prior year period.
Evercore
Evercore
Evercore Revenue by Segment
Forward Guidance
Revenues and operating margins in upcoming quarters will be significantly and negatively affected by the depressed economic and market environment caused by COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income