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Mar 31, 2023
PJT Q1 2023 Earnings Report
PJT Partners' financial performance decreased due to decline in revenues.
Key Takeaways
PJT Partners Inc. reported a decrease in total revenues to $200 million, a 19% decrease compared to the first quarter of the previous year. GAAP Diluted EPS was $0.67, and Adjusted EPS was $0.54. The company repurchased 1.2 million share equivalents and held $99 million in cash, cash equivalents, and short-term investments with no funded debt.
Total Revenues decreased by 19% to $200 million compared to the prior year.
GAAP Diluted EPS was $0.67 and Adjusted EPS was $0.54.
The company repurchased 1.2 million share equivalents during the quarter.
Cash, cash equivalents, and short-term investments totaled $99 million with no funded debt.
Revenue by Segment
Forward Guidance
PJT Partners remains confident in its prospects and will continue to invest to strengthen the firm, despite difficult and challenging times.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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