Evercore Q3 2023 Earnings Report
Key Takeaways
Evercore reported Q3 2023 results, showing a slight decrease in net revenues compared to Q3 2022. The company advised on significant transactions, including Chevron's acquisition of Hess. Evercore ISI maintained its #1 rank for equity research.
Third Quarter Net Revenues were $570.2 million on a U.S. GAAP basis and $576.1 million on an Adjusted basis.
Evercore advised Chevron on its $60 billion acquisition of Hess.
Evercore advised WestRock on its $20 billion merger with Smurfit Kappa and Danaher on its spin-off of Veralto.
Evercore ISI achieved Institutional Investors All-America Equity Research #1 rank on a weighted basis for the second year in a row.
Evercore
Evercore
Evercore Revenue by Segment
Forward Guidance
We are encouraged by some of the positive leading indicators we see both internally and in the market. And while the normalization of market activity will continue to take time, we remain focused on serving our clients and building for the long term.
Revenue & Expenses
Visualization of income flow from segment revenue to net income