PJT Partners (PJT) Misses Q1 EPS by 19c, Misses on Revenue

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PJT Partners Inc. Reports First Quarter 2023 Results

May 2, 2023 6:50 AM EDT

First Quarter Overview

Total Revenues of $200 million, a decrease of 19% from a record first quarter a year ago GAAP Pretax Income of $29 million and Adjusted Pretax Income of $30 million GAAP Diluted EPS of $0.67 and Adjusted EPS of $0.54

Capital Management and Balance Sheet

1.2 million share equivalents repurchased $99 million of cash, cash equivalents and short-term investments and no funded debt

Paul J. Taubman, Chairman and Chief Executive Officer, said, Our Restructuring and Strategic Advisory businesses navigated this difficult market environment well... More