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Mar 31, 2024
Lazard Q1 2024 Earnings Report
Reported record first-quarter firm-wide adjusted net revenue and asset management quarter end AUM increased year-over-year.
Key Takeaways
Lazard reported a strong first quarter in 2024, with record first-quarter firm-wide adjusted net revenue driven by an improving M&A environment. The company's Asset Management quarter end AUM increased 8% year-over-year.
Lazard reported net revenue of $765 million and adjusted net revenue of $747 million.
First-quarter net income was $36 million, or $0.35 per share, diluted.
Adjusted net income was $67 million, or $0.66 per share, diluted.
Assets Under Management (AUM) as of March 31, 2024, was $250 billion, 8% higher than March 31, 2023.
Revenue by Segment
Forward Guidance
Lazard anticipates a productive year ahead, driven by an improving M&A environment and the execution of their long-term strategic plan. They are focused on serving clients, winning new business, and delivering long-term value for shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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