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Dec 31, 2024
PJT Q4 2024 Earnings Report
PJT Partners Inc. reported record revenues and earnings, driven by strong performance across all businesses.
Key Takeaways
PJT Partners Inc. announced record full year and fourth quarter 2024 results. Q4 revenues reached $477 million, a 45% increase year-over-year, with GAAP diluted EPS of $1.83 and Adjusted EPS of $1.90, representing increases of 110% and 98%, respectively. The firm-wide headcount was 1,143 as of December 31, 2024, a 13% increase from the previous year. The company held $547 million in cash, cash equivalents, and short-term investments with no funded debt.
Record revenues of $477 million, up 45% year-over-year.
GAAP Pretax Income of $103 million and Adjusted Pretax Income of $107 million, increased 99% and 102%, respectively, year-over-year.
GAAP Diluted EPS of $1.83 and Adjusted EPS of $1.90, increased 110% and 98%, respectively, year-over-year.
Firm-wide headcount of 1,143, a 13% increase year-over-year.
Revenue by Segment
Forward Guidance
PJT Partners expressed confidence in their future growth prospects, focusing on expanding firmwide capabilities and providing differentiated advice and outcomes.
Positive Outlook
- Focused on expanding firmwide capabilities
- Committed to providing differentiated advice
- Aims to deliver differentiated outcomes
- Confident in future growth prospects
- Delivered record setting full year 2024 results
Challenges Ahead
- Changes in governmental regulations and policies
- Cyber attacks, security vulnerabilities and internet disruptions
- Failures of computer systems or communication systems
- Impact of catastrophic events
- Volatility in the political and economic environment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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