PJT Partners (PJT) Misses Q4 EPS by 18c, Revenues Miss

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PJT Partners Inc. Reports Full Year and Fourth Quarter 2018 Results

February 7, 2019 6:50 AM EST

Overview

> Total Revenues of $580.2 million for full year 2018, up 16% year-over-year

Advisory Revenues of $451.6 million, up 17% from a year ago Placement Revenues of $111.0 million, up 8% from a year ago

> Full year diluted EPS of $1.16, up from $(1.73) a year ago; Adjusted EPS of $1.91, up from $1.54 a year ago

> Strong balance sheet at year end with $108.3 million of cash, cash equivalents and short-term investments

> Repurchased approximately 3.2 million share equivalents during the full year through Partnership Unit exchanges, share repurchases and employee net share settlements

Additionally, intend to repurchase approximately 216,000 Partnership... More