PJT Partners (PJT) Tops Q2 EPS by 32c, Revenues Beat

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Go back to PJT Partners (PJT) Tops Q2 EPS by 32c, Revenues Beat

PJT Partners Inc. Reports Second Quarter 2020 Results

July 28, 2020 6:50 AM EDT

Second Quarter Overview

Total Revenues of $233 million for second quarter 2020, up 40% from a year ago Advisory Revenues of $193 million, up 45% Placement Revenues of $35 million, up 23% Second quarter GAAP Pretax Income of $50 million and Adjusted Pretax Income of $55 million Second quarter GAAP Diluted EPS of $0.86 and Adjusted EPS of $1.00 Repurchased approximately 177 thousand share equivalents during the quarter Intend to repurchase an additional 202 thousand Partnership Units for cash in August 2020 $247 million of cash, cash equivalents and short-term... More