PWP Stock News & Sentiment

Perella Weinberg Partners (NASDAQ:PWP ) Q4 2024 Earnings Conference Call February 7, 2025 9:00 AM ET Company Participants Taylor Reinhardt - Head, Communications and Marketing Andrew Bednar - CEO Alex Gottschalk - CFO Conference Call Participants Devin Ryan - Citizens JMP Aidan Hall - KBW Brendan O'Brien - Wolfe Research James Yaro - Goldman Sachs Operator Good morning, and welcome to the Perella Weinberg Partners Full Year and Fourth Quarter Earnings Conference Call. Currently all callers have been placed in a listen-only mode.

Financial Overview - Full Year Revenues of $878 Million, Up 35% From a Year Ago Adjusted Pre-Tax Income of $137 Million, GAAP Pre-Tax Loss of $(68) Million Adjusted EPS of $0.96; GAAP Diluted EPS of $(1.22) Financial Overview - Fourth Quarter Revenues of $226 Million, Up 6% From a Year Ago Adjusted Pre-Tax Income of $40 Million, GAAP Pre-Tax Income of $28 Million Adjusted EPS of $0.26; GAAP Diluted EPS of $0.30 Talent Investment Added Five Partners and Eleven Managing Directors in 2024 Capital Management Strong Balance Sheet with $407 Million of Cash and Short-Term Investments and No Debt Retired Approximately 14.5 Million Shares and Share Equivalents through Purchase, Exchange and Net Settlement in 2024 Returned $282 Million in Aggregate to Equity Holders in 2024 Declared Quarterly Dividend of $0.07 Per Share       “Our record 2024 results were driven by strong momentum across our platform, with higher year-over-year revenue recorded in all service lines. Our clients place a high value on tailored, trusted advice and continue to select Perella Weinberg for their most transformative transactions.

NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2024 on Friday, February 7, 2025, before the market opens.

NEW YORK and PARIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Erik Maris has joined the Firm's European practice and will work with its French and European Partners in providing strategic advice to clients across coverage sectors.

Perella Weinberg reported a strong topline result, driven by aggressive senior banker hiring and corporate activity growth, despite lagging sponsor recovery. Revenues surged 100% in Q3, outpacing other boutiques, ahead also of significant increases in comp expenses allowing for a strong income lift. Trump's incoming presidency could boost Q4 and Q1 advisory business, though potential tariffs could impact inflation and sponsor recovery.

Perella Weinberg Partners (NASDAQ:PWP ) Q3 2024 Earnings Call November 8, 2024 9:00 AM ET Company Participants Taylor Reinhardt - Head, Communications and Marketing Andrew Bednar - Chief Executive Officer Alex Gottschalk - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Brendan O'Brien - Wolfe Research Aidan Hall - KBW James Yaro - Goldman Sachs Operator Good morning and welcome to the Perella Weinberg Partners Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the third quarter 2024 on Friday, November 8, 2024, before the market opens.

PWP had a great quarter, but management is playing it down because the timing effects of big and idiosyncratic closures have quite a bit to do with it. Perella Weinberg is likely to have a strong performance this year on the back of solid M&A positioning and restructuring, but the hope is for a sponsor market pickup. Valuation is alright, but it's not great due to substantial dilutive effects. It's relatively expensive within the pack, although not the most expensive. So it's a pass for now.