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Sep 30, 2023
PJT Q3 2023 Earnings Report
Reported a revenue increase of 5% year-over-year, driven by advisory services.
Key Takeaways
PJT Partners Inc. reported a 5% increase in revenue for the third quarter of 2023, reaching $278 million. The growth was primarily driven by an increase in advisory revenues, which offset declines in placement revenues. The company's GAAP diluted EPS was $0.68, and adjusted EPS was $0.78. They held $355 million in cash, cash equivalents and short-term investments with no funded debt.
Revenues reached $278 million, a 5% increase year-over-year.
GAAP diluted EPS was $0.68, while adjusted EPS was $0.78.
Advisory revenues increased by 9% to $244 million.
The company held $355 million in cash, cash equivalents and short-term investments with no funded debt.
Revenue by Segment
Forward Guidance
PJT Partners will host a conference call on October 31, 2023, at 8:30 a.m. ET to discuss its third quarter 2023 results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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