Evercore Q2 2024 Earnings Report
Key Takeaways
Evercore reported a strong second quarter with record net revenues of $689.2 million on a U.S. GAAP basis, representing a 38% increase compared to the same period last year. The firm's operating income increased by 88% to $108.2 million, and diluted earnings per share rose to $1.81.
Second quarter net revenues reached a record $689.2 million (GAAP) and $695.3 million (Adjusted).
Operating income increased 88% to $108.2 million (GAAP) and 80% to $114.3 million (Adjusted) compared to Q2 2023.
Advised on three of the six largest global transactions year-to-date.
Returned $395.6 million to shareholders during the first six months of 2024 through dividends and share repurchases.
Evercore
Evercore
Evercore Revenue by Segment
Forward Guidance
Evercore is in the midst of a gradual market recovery and is encouraged as momentum builds across many of its businesses. The firm provides a broader range of products than they ever have before to a larger, more diverse set of clients, presenting significant opportunity for Evercore.
Revenue & Expenses
Visualization of income flow from segment revenue to net income