Perella Weinberg Partners Key Executives
This section highlights Perella Weinberg Partners's key executives, including their titles and compensation details.
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Perella Weinberg Partners Earnings
This section highlights Perella Weinberg Partners's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-07 | $0.28 | $0.26 |
| Read Transcript | Q3 | 2024 | 2024-11-08 | $0.18 | $0.34 |
| Read Transcript | Q2 | 2024 | 2024-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-03 | $0.07 | $-0.10 |
| Read Transcript | Q4 | 2023 | 2024-02-08 | $0.04 | $0.08 |
| Read Transcript | Q3 | 2023 | 2023-11-07 | $0.05 | $0.12 |
| Read Transcript | Q2 | 2023 | 2023-08-04 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-06 | N/A | N/A |
Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research. It serves public multinational corporations, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees, and government institutions in various industries comprising consumer and retail; energy; financial institutions; healthcare; industrials; and technology, media, and telecommunications. The company was founded in 2006 and is based in New York, New York.
$19.63
Stock Price
$1.71B
Market Cap
691
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Perella Weinberg Partners, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $878.04M | $648.65M | $631.51M | $801.66M | $518.99M |
| Cost of Revenue | $525.94M | $426.57M | $545.49M | $600.69M | $399.15M |
| Gross Profit | $352.10M | $222.08M | $86.02M | $200.97M | $119.84M |
| Gross Profit Ratio | 40.10% | 34.20% | 13.62% | 25.10% | 23.09% |
| Research and Development Expenses | $- | $- | $1.00M | $1.20M | $1.70M |
| General and Administrative Expenses | $72.09M | $269.01M | $110.02M | $119.89M | $118.90M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $72.09M | $269.01M | $110.02M | $119.89M | $118.90M |
| Other Expenses | $- | $- | $23.73M | $14.49M | $15.53M |
| Operating Expenses | $72.09M | $337.18M | $133.75M | $134.38M | $134.44M |
| Cost and Expenses | $598.03M | $763.75M | $679.24M | $735.08M | $533.58M |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $- | $276.00K | $276.00K | $7.61M | $15.74M |
| Depreciation and Amortization | $20.38M | $14.68M | $26.64M | $31.85M | $32.60M |
| EBITDA | $-58.15M | $-97.86M | $5.50M | $62.41M | $10.38M |
| EBITDA Ratio | -6.62% | -15.09% | -4.16% | 11.15% | 2.00% |
| Operating Income | $-78.53M | $-115.10M | $-47.73M | $66.58M | $-5.15M |
| Operating Income Ratio | -8.94% | -17.74% | -7.56% | 8.31% | -0.99% |
| Total Other Income Expenses Net | $10.28M | $2.28M | $26.31M | $-43.63M | $-6.29M |
| Income Before Tax | $-68.25M | $-112.82M | $-21.42M | $22.95M | $-20.89M |
| Income Before Tax Ratio | -7.77% | -17.39% | -3.39% | 2.86% | -4.02% |
| Income Tax Expense | $21.09M | $-980.00K | $10.33M | $18.93M | $3.45M |
| Net Income | $-64.73M | $-17.22M | $-31.75M | $4.02M | $-24.34M |
| Net Income Ratio | -7.37% | -2.66% | -5.03% | 0.50% | -4.69% |
| EPS | $-0.12 | $-0.40 | $-0.72 | $0.09 | $-0.26 |
| EPS Diluted | $-0.12 | $-0.20 | $-0.35 | $0.04 | $-0.26 |
| Weighted Average Shares Outstanding | 531.88M | 43.27M | 43.84M | 42.60M | 92.80M |
| Weighted Average Shares Outstanding Diluted | 531.88M | 86.78M | 89.76M | 93.62M | 92.80M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.67M | $278.24M | $272.00M | $102.13M | $212.68M | $139.00M | $165.54M | $131.43M | $183.15M | $145.38M | $151.10M | $151.88M | $198.91M | $177.43M | $255.52M | $169.80M | $189.15M | $122.84M | $114.60M | $88.42M |
| Cost of Revenue | $133.30M | $382.56M | $149.97M | $5.08M | $711.48M | $84.87M | $148.43M | $117.63M | $127.24M | $123.26M | $127.01M | $128.13M | $162.23M | $151.37M | $171.47M | $115.63M | $151.11M | $90.91M | $92.43M | $- |
| Gross Profit | $92.37M | $-104.31M | $122.03M | $97.05M | $-498.80M | $54.13M | $17.12M | $13.79M | $55.91M | $22.12M | $24.09M | $23.74M | $36.69M | $26.05M | $84.05M | $54.17M | $38.03M | $31.94M | $22.17M | $88.42M |
| Gross Profit Ratio | 40.93% | -37.50% | 44.90% | 95.00% | -234.50% | 38.90% | 10.30% | 10.50% | 30.50% | 15.20% | 15.90% | 15.60% | 18.40% | 14.70% | 32.90% | 31.90% | 20.11% | 26.00% | 19.34% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $300.00K | $- | $100.00K | $100.00K | $- | $- | $300.00K | $200.00K | $300.00K | $200.00K | $300.00K | $400.00K | $500.00K | $400.00K | $400.00K | $400.00K |
| General and Administrative Expenses | $50.93M | $15.39M | $18.97M | $68.66M | $60.06M | $64.95M | $21.21M | $33.65M | $60.95M | $28.48M | $30.45M | $31.16M | $31.14M | $32.90M | $30.84M | $22.25M | $25.98M | $26.56M | $39.04M | $16.17M |
| Selling and Marketing Expenses | $- | $- | $330.16M | $135.03M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $71.67M |
| Selling General and Administrative Expenses | $50.93M | $15.39M | $185.32M | $150.61M | $60.06M | $64.95M | $21.21M | $33.65M | $60.95M | $28.48M | $30.45M | $31.16M | $31.14M | $32.90M | $30.84M | $22.25M | $25.98M | $26.56M | $39.04M | $87.83M |
| Other Expenses | $20.07M | $- | $- | $2.66M | $-4.54M | $2.76M | $-1.06M | $2.83M | $14.50M | $2.46M | $4.79M | $2.94M | $1.74M | $4.09M | $2.09M | $355.00K | $-459.00K | $2.29M | $3.40M | $- |
| Operating Expenses | $71.00M | $15.39M | $354.23M | $150.61M | $60.06M | $80.82M | $38.87M | $36.48M | $75.45M | $30.94M | $33.10M | $34.10M | $37.31M | $36.38M | $34.56M | $26.13M | $29.86M | $30.41M | $42.87M | $91.77M |
| Cost and Expenses | $204.30M | $397.95M | $354.23M | $155.69M | $771.54M | $165.69M | $187.30M | $154.12M | $202.69M | $154.20M | $160.12M | $162.24M | $199.53M | $187.75M | $206.03M | $141.76M | $180.98M | $121.31M | $135.30M | $91.77M |
| Interest Income | $- | $- | $- | $- | $- | $- | $1.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $70.00K | $69.00K | $69.00K | $68.00K | $70.00K | $72.00K | $3.60M | $3.87M | $3.86M | $3.91M | $4.00M | $- |
| Depreciation and Amortization | $5.06M | $5.13M | $5.11M | $5.08M | $4.51M | $7.06M | $7.10M | $6.38M | $2.64M | $6.49M | $5.95M | $7.34M | $7.73M | $7.89M | $3.72M | $3.88M | $3.89M | $3.85M | $3.83M | $7.57M |
| EBITDA | $26.43M | $41.02M | $-76.38M | $-45.83M | $-39.43M | $-20.23M | $-19.17M | $-19.30M | $-20.27M | $-5.90M | $-6.36M | $-7.42M | $6.01M | $-5.91M | $16.84M | $32.28M | $11.60M | $7.67M | $-13.46M | $4.22M |
| EBITDA Ratio | 11.71% | 14.74% | -28.08% | -47.47% | -37.37% | -16.54% | -10.94% | -15.11% | -11.07% | 0.37% | -1.04% | -3.26% | 2.28% | -1.55% | 21.64% | 19.01% | 6.13% | 6.24% | -11.75% | 4.77% |
| Operating Income | $21.37M | $35.89M | $-82.23M | $-53.56M | $-43.97M | $-26.69M | $-21.75M | $-22.69M | $-19.54M | $-1.93M | $-9.01M | $-10.36M | $-619.00K | $-10.33M | $49.49M | $28.04M | $8.17M | $1.53M | $-20.70M | $-7.57M |
| Operating Income Ratio | 9.47% | 12.90% | -30.23% | -52.45% | -20.67% | -19.20% | -13.14% | -17.26% | -10.67% | -1.32% | -5.96% | -6.82% | -0.31% | -5.82% | 19.37% | 16.52% | 4.32% | 1.25% | -18.06% | -8.56% |
| Total Other Income Expenses Net | $6.42M | $457.00K | $745.00K | $2.66M | $22.00K | $2.76M | $-1.06M | $556.00K | $-3.44M | $529.00K | $14.82M | $14.41M | $-1.17M | $1.01M | $-39.97M | $-3.51M | $-4.32M | $-1.63M | $-592.00K | $243.00K |
| Income Before Tax | $27.79M | $36.35M | $-81.49M | $-50.91M | $-43.94M | $-23.93M | $-22.81M | $-22.13M | $-22.99M | $-8.29M | $5.81M | $4.05M | $-1.79M | $-9.31M | $9.52M | $24.53M | $3.85M | $-95.00K | $-21.29M | $-3.35M |
| Income Before Tax Ratio | 12.31% | 13.06% | -29.96% | -49.85% | -20.66% | -17.21% | -13.78% | -16.84% | -12.55% | -5.70% | 3.84% | 2.67% | -0.90% | -5.25% | 3.73% | 14.45% | 2.04% | -0.08% | -18.58% | -3.79% |
| Income Tax Expense | $-4.87M | $7.51M | $-642.00K | $19.09M | $-1.53M | $-191.00K | $-4.54M | $5.29M | $-380.00K | $4.57M | $3.14M | $3.00M | $16.23M | $150.00K | $521.00K | $2.02M | $935.00K | $974.00K | $834.00K | $710.00K |
| Net Income | $20.77M | $16.37M | $-66.03M | $-35.84M | $-82.73M | $-2.05M | $359.00K | $-27.42M | $-1.42M | $-12.86M | $9.27M | $1.05M | $-398.00K | $3.48M | $-12.50M | $22.51M | $2.92M | $-1.07M | $-22.13M | $-4.06M |
| Net Income Ratio | 9.21% | 5.88% | -24.28% | -35.10% | -38.90% | -1.47% | 0.22% | -20.86% | -0.78% | -8.85% | 6.13% | 0.69% | -0.20% | 1.96% | -4.89% | 13.25% | 1.54% | -0.87% | -19.31% | -4.59% |
| EPS | $0.36 | $0.31 | $-1.21 | $-0.73 | $-1.84 | $-0.05 | $0.01 | $-0.65 | $-0.03 | $-0.30 | $0.21 | $0.02 | $-0.01 | $0.08 | $-0.29 | $0.22 | $0.03 | $-0.01 | $-0.22 | $-0.04 |
| EPS Diluted | $0.04 | $0.05 | $-0.21 | $-0.40 | $-0.95 | $-0.02 | $0.00 | $-0.32 | $-0.02 | $-0.15 | $0.10 | $0.01 | $0.00 | $0.04 | $-0.13 | $0.22 | $0.03 | $-0.01 | $-0.22 | $-0.04 |
| Weighted Average Shares Outstanding | 58.02M | 55.51M | 54.59M | 49.20M | 44.88M | 43.12M | 42.74M | 42.32M | 42.64M | 42.26M | 44.58M | 45.92M | 42.59M | 42.57M | 42.96M | 100.98M | 100.98M | 100.98M | 100.98M | 100.98M |
| Weighted Average Shares Outstanding Diluted | 531.88M | 311.20M | 311.20M | 90.52M | 87.33M | 86.65M | 86.52M | 86.61M | 87.44M | 87.75M | 90.69M | 93.23M | 93.62M | 93.62M | 94.01M | 100.98M | 100.98M | 100.98M | 100.98M | 100.98M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $331.56M | $247.17M | $171.57M | $502.77M | $329.06M |
| Short Term Investments | $75.83M | $91.17M | $140.11M | $- | $230.01M |
| Cash and Short Term Investments | $407.39M | $338.35M | $311.68M | $502.77M | $329.06M |
| Net Receivables | $73.29M | $51.35M | $71.27M | $51.14M | $41.09M |
| Inventory | $- | $- | $2.60M | $2.00M | $- |
| Other Current Assets | $- | $2.93M | $- | $24.31M | $25.79M |
| Total Current Assets | $480.68M | $392.62M | $421.73M | $580.23M | $397.79M |
| Property Plant Equipment Net | $224.52M | $237.59M | $202.11M | $50.27M | $70.63M |
| Goodwill | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M |
| Intangible Assets | $12.61M | $19.19M | $25.77M | $32.35M | $38.93M |
| Goodwill and Intangible Assets | $46.99M | $53.58M | $60.16M | $66.73M | $73.31M |
| Long Term Investments | $-29.22M | $30.67M | $-139.97M | $-24.31M | $-25.79M |
| Tax Assets | $92.97M | $46.45M | $33.09M | $21.09M | $1.21M |
| Other Non-Current Assets | $- | $30.87M | $139.97M | $24.31M | $25.79M |
| Total Non-Current Assets | $364.49M | $368.49M | $295.36M | $138.10M | $145.16M |
| Other Assets | $31.58M | $- | $- | $- | $- |
| Total Assets | $876.75M | $761.11M | $717.09M | $718.33M | $542.95M |
| Account Payables | $68.92M | $52.11M | $46.34M | $31.05M | $22.25M |
| Short Term Debt | $- | $- | $- | $- | $27.69M |
| Tax Payables | $- | $- | $- | $14.11M | $- |
| Deferred Revenue | $- | $- | $5.01M | $7.84M | $10.60M |
| Other Current Liabilities | $- | $233.93M | $-46.34M | $-45.16M | $-60.53M |
| Total Current Liabilities | $68.92M | $286.03M | $51.35M | $38.89M | $60.53M |
| Long Term Debt | $187.35M | $175.90M | $165.60M | $43.45M | $205.19M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $390.72M | $30.93M | $286.34M | $395.68M | $263.58M |
| Total Non-Current Liabilities | $578.07M | $206.83M | $405.60M | $408.08M | $408.24M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $646.99M | $492.86M | $456.95M | $446.98M | $468.77M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $10.00K | $10.00K | $9.00K | $9.00K | $215.85M |
| Retained Earnings | $-303.71M | $-54.65M | $-18.07M | $-18.07M | $-1.02M |
| Accumulated Other Comprehensive Income Loss | $-6.19M | $-4.48M | $-6.54M | $-1.75M | $-2.33M |
| Other Total Stockholders Equity | $-111.48M | $211.78M | $162.06M | $146.13M | $1.02M |
| Total Stockholders Equity | $-421.38M | $152.66M | $137.46M | $126.32M | $74.18M |
| Total Equity | $229.76M | $268.25M | $260.14M | $271.35M | $74.18M |
| Total Liabilities and Stockholders Equity | $876.75M | $761.11M | $717.09M | $718.33M | $542.95M |
| Minority Interest | $651.14M | $115.59M | $122.68M | $145.03M | $- |
| Total Liabilities and Total Equity | $876.75M | $761.11M | $717.09M | $718.33M | $542.95M |
| Total Investments | $75.83M | $91.17M | $140.11K | $-24.31M | $-25.79M |
| Total Debt | $187.35M | $175.90M | $165.60M | $43.45M | $205.19M |
| Net Debt | $-144.21M | $-71.27M | $-5.97M | $-459.32M | $-123.87M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $331.56M | $260.20M | $185.28M | $159.62M | $250.10M | $126.57M | $129.76M | $104.96M | $171.57M | $142.85M | $150.29M | $223.14M | $502.77M | $415.84M | $349.68M | $824.08K | $329.06M | $1.63M | $8.53K | $- |
| Short Term Investments | $75.83M | $74.95M | $- | $- | $91.17M | $70.01M | $50.00M | $24.96M | $140.11M | $138.86M | $114.82M | $- | $- | $- | $- | $230.01M | $230.01M | $- | $- | $- |
| Cash and Short Term Investments | $407.39M | $335.15M | $185.28M | $159.62M | $341.28M | $196.58M | $179.76M | $129.92M | $311.68M | $281.72M | $265.11M | $223.14M | $502.77M | $415.84M | $349.68M | $824.08K | $329.06M | $1.63M | $8.53K | $- |
| Net Receivables | $73.29M | $87.45M | $94.11M | $61.44M | $51.35M | $72.41M | $54.46M | $48.80M | $71.27M | $50.26M | $42.52M | $78.44M | $51.14M | $66.08M | $86.34M | $- | $41.09M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $338.35M | $-36.88M | $-31.17M | $-34.26M | $- | $- | $2.74M | $- | $4.22M | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $1.23M | $27.64M | $30.67M | $2.63M | $2.65M | $2.62M | $2.60M | $29.06M | $- | $29.08M | $24.31M | $39.46M | $23.16M | $277.77K | $25.79M | $31.80K | $- | $- |
| Total Current Assets | $480.68M | $422.60M | $312.79M | $248.70M | $423.29M | $271.62M | $236.87M | $181.34M | $385.54M | $361.04M | $334.76M | $330.66M | $580.23M | $521.37M | $459.18M | $1.10M | $397.79M | $1.67M | $8.53K | $- |
| Property Plant Equipment Net | $224.52M | $232.33M | $230.29M | $234.30M | $237.59M | $226.46M | $218.61M | $212.03M | $202.11M | $176.34M | $112.38M | $47.43M | $50.27M | $55.55M | $63.29M | $64.55M | $70.63M | $- | $- | $- |
| Goodwill | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $34.38M | $- | $- | $- |
| Intangible Assets | $12.61M | $14.26M | $15.90M | $17.55M | $19.19M | $20.84M | $22.48M | $24.13M | $25.77M | $27.42M | $29.06M | $30.71M | $32.35M | $34.00M | $35.64M | $37.29M | $38.93M | $- | $- | $- |
| Goodwill and Intangible Assets | $46.99M | $48.64M | $50.28M | $51.93M | $53.58M | $55.22M | $56.87M | $58.51M | $60.16M | $61.80M | $63.45M | $65.09M | $66.73M | $68.38M | $70.03M | $71.67M | $73.31M | $- | $- | $- |
| Long Term Investments | $-29.22M | $-36.19M | $- | $- | $-1 | $- | $- | $- | $- | $-26.40M | $-24.39M | $-27.09M | $-24.31M | $-37.62M | $-21.32M | $230.01M | $-25.79M | $230.00M | $- | $- |
| Tax Assets | $92.97M | $66.22M | $52.15M | $48.46M | $46.45M | $41.37M | $35.94M | $35.73M | $33.09M | $32.42M | $29.58M | $27.45M | $21.09M | $18.36M | $17.96M | $-231.90M | $1.21M | $- | $- | $- |
| Other Non-Current Assets | $- | $- | $- | $200.00K | $200.00K | $39.51M | $33.82M | $36.89M | $36.19M | $26.40M | $24.39M | $27.09M | $24.31M | $37.62M | $21.32M | $95.68M | $25.79M | $63 | $54.87K | $- |
| Total Non-Current Assets | $364.49M | $347.20M | $332.72M | $334.89M | $337.81M | $362.55M | $345.23M | $343.17M | $331.55M | $270.56M | $205.41M | $139.97M | $138.10M | $142.29M | $151.28M | $230.01M | $145.16M | $230.00M | $54.87K | $- |
| Other Assets | $31.58M | $41.12M | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $876.75M | $810.92M | $645.51M | $583.59M | $761.11M | $634.17M | $582.10M | $524.50M | $717.09M | $631.60M | $540.17M | $470.63M | $718.33M | $663.66M | $610.45M | $231.11M | $542.95M | $231.67M | $63.40K | $- |
| Account Payables | $68.92M | $84.65M | $74.02M | $57.78M | $52.11M | $44.76M | $34.81M | $41.70M | $51.35M | $34.43M | $33.82M | $42.80M | $31.05M | $29.85M | $25.74M | $- | $22.25M | $- | $- | $- |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $27.69M | $- | $869 | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $19.73M | $14.11M | $14.11M | $13.65M | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $2.00M | $- | $1.42M | $2.18M | $3.03M | $5.01M | $3.87M | $4.57M | $5.84M | $7.84M | $5.94M | $3.98M | $- | $10.60M | $- | $- | $- |
| Other Current Liabilities | $- | $- | $132.78M | $-57.78M | $233.93M | $-44.76M | $-34.81M | $-41.70M | $-5.01M | $-34.43M | $-33.82M | $-62.53M | $297.39M | $-43.96M | $-39.39M | $1.32M | $-60.53M | $20.90K | $41.42K | $- |
| Total Current Liabilities | $68.92M | $84.65M | $206.80M | $94.14M | $286.03M | $46.18M | $36.99M | $44.73M | $51.35M | $38.30M | $38.39M | $48.64M | $38.89M | $35.79M | $29.71M | $1.32M | $60.53M | $20.90K | $42.29K | $- |
| Long Term Debt | $187.35M | $188.40M | $181.48M | $351.55M | $175.90M | $175.30M | $171.32M | $168.78M | $165.60M | $159.63M | $102.16M | $40.21M | $43.45M | $47.89M | $54.43M | $148.00M | $235.73M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $9.80M | $9.80M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-126.77M | $- | $- | $- |
| Other Non-Current Liabilities | $390.72M | $296.14M | $33.84M | $-46.98M | $30.93M | $192.64M | $150.33M | $103.69M | $240.00M | $193.91M | $164.63M | $139.00M | $53.13M | $347.85M | $291.29M | $-126.59M | $233.04M | $- | $869 | $- |
| Total Non-Current Liabilities | $578.07M | $484.54M | $422.12M | $210.42M | $206.83M | $323.18M | $286.85M | $230.76M | $405.60M | $319.11M | $232.97M | $136.42M | $408.08M | $365.89M | $319.98M | $21.41M | $408.24M | $9.80M | $869 | $- |
| Other Liabilities | $- | $- | $-206.80M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $-869 | $- |
| Total Liabilities | $646.99M | $569.19M | $422.12M | $304.57M | $492.86M | $369.36M | $323.83M | $275.49M | $456.95M | $357.42M | $271.35M | $185.05M | $446.98M | $401.68M | $349.69M | $22.73M | $468.77M | $9.82M | $42.29K | $- |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $10.00K | $10.00K | $10.00K | $11.00K | $10.00K | $10.00K | $9.00K | $9.00K | $9.00K | $9.00K | $10.00K | $10.00K | $9.00K | $9.00K | $9.00K | $203.39M | $215.85M | $216.85M | $787 | $- |
| Retained Earnings | $-303.71M | $-246.43M | $-167.85M | $-95.98M | $-54.65M | $-39.51M | $-32.62M | $-28.12M | $-18.07M | $-12.21M | $-8.83M | $-13.41M | $-18.07M | $-13.34M | $-12.50M | $-203.42K | $-1.02M | $-23.73K | $-3.89K | $- |
| Accumulated Other Comprehensive Income Loss | $-6.19M | $-2.87M | $-5.17M | $-5.11M | $-4.48M | $-6.21M | $-4.82M | $-5.75M | $-6.54M | $-8.29M | $-5.33M | $-2.79M | $-1.75M | $-1.77M | $-818.00K | $208.59M | $-2.33M | $- | $- | $81.91M |
| Other Total Stockholders Equity | $-111.48M | $-111.48M | $-109.97M | $262.99M | $211.78M | $189.96M | $178.24M | $167.17M | $162.06M | $160.49M | $146.57M | $166.15M | $146.13M | $140.31M | $135.29M | $-406.77M | $1.02M | $5.02M | $24.21K | $- |
| Total Stockholders Equity | $-421.38M | $-360.77M | $-282.98M | $161.91M | $152.66M | $144.25M | $140.81M | $133.31M | $137.46M | $140.00M | $132.42M | $149.96M | $126.32M | $125.21M | $121.98M | $208.39M | $74.18M | $221.85M | $21.11K | $81.91M |
| Total Equity | $229.76M | $241.73M | $223.39M | $279.02M | $268.25M | $264.81M | $258.27M | $249.01M | $260.14M | $274.18M | $268.81M | $285.58M | $271.35M | $261.98M | $260.76M | $208.39M | $74.18M | $221.85M | $21.11K | $81.91M |
| Total Liabilities and Stockholders Equity | $876.75M | $810.92M | $645.51M | $583.59M | $761.11M | $634.17M | $582.10M | $524.50M | $717.09M | $631.60M | $540.17M | $470.63M | $718.33M | $663.66M | $610.45M | $231.11M | $542.95M | $231.67M | $63.40K | $81.91M |
| Minority Interest | $651.14M | $602.50M | $506.37M | $117.11M | $115.59M | $120.56M | $117.45M | $115.70M | $122.68M | $134.19M | $136.40M | $135.62M | $145.03M | $136.78M | $138.78M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $876.75M | $810.92M | $645.51M | $583.59M | $761.11M | $634.17M | $582.10M | $524.50M | $717.09M | $631.60M | $540.17M | $470.63M | $718.33M | $663.66M | $610.45M | $231.11M | $542.95M | $231.67M | $63.40K | $81.91M |
| Total Investments | $75.83M | $74.95M | $-179.66M | $- | $91.17M | $70.01M | $50.00M | $24.96M | $140.11M | $138.86M | $114.82M | $-27.09M | $-24.31M | $-37.62M | $-21.32M | $230.01M | $230.01M | $230.00M | $- | $- |
| Total Debt | $187.35M | $188.40M | $181.48M | $176.26M | $175.90M | $175.30M | $171.32M | $168.78M | $165.60M | $159.63M | $102.16M | $40.21M | $43.45M | $47.89M | $54.43M | $148.00M | $205.19M | $- | $869 | $- |
| Net Debt | $-144.21M | $-71.80M | $-5.03M | $16.64M | $-74.20M | $48.73M | $41.56M | $63.82M | $-5.97M | $16.78M | $-48.13M | $-182.93M | $-459.32M | $-367.95M | $-295.25M | $147.17M | $-123.87M | $-1.63M | $-7.66K | $- |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-89.34M | $-17.22M | $-31.75M | $4.02M | $-24.34M |
| Depreciation and Amortization | $20.38M | $14.68M | $10.69M | $14.49M | $15.53M |
| Deferred Income Tax | $-2.46M | $-2.07M | $-2.74M | $-3.72M | $-564.00K |
| Stock Based Compensation | $93.39M | $184.46M | $156.42M | $97.03M | $24.82M |
| Change in Working Capital | $- | $44.50M | $-148.44M | $59.00M | $46.42M |
| Accounts Receivables | $-32.85M | $18.59M | $-24.34M | $-7.13M | $27.53M |
| Inventory | $- | $- | $- | $-36.90M | $-14.89M |
| Accounts Payables | $20.95M | $-1.38M | $-3.32M | $7.78M | $2.97M |
| Other Working Capital | $- | $27.29M | $-120.78M | $95.25M | $30.82M |
| Other Non Cash Items | $201.39M | $-78.46M | $-1.96M | $64.08M | $24.04M |
| Net Cash Provided by Operating Activities | $223.36M | $145.88M | $-17.77M | $234.91M | $85.91M |
| Investments in Property Plant and Equipment | $-16.38M | $-57.60M | $-26.56M | $-1.46M | $-5.52M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-74.91M | $-89.26M | $-139.17M | $- | $- |
| Sales Maturities of Investments | $91.19M | $140.55M | $- | $- | $- |
| Other Investing Activities | $- | $488.00K | $-500.00K | $-978.00K | $-230.00M |
| Net Cash Used for Investing Activities | $-98.00K | $-5.82M | $-166.23M | $-2.44M | $-5.52M |
| Debt Repayment | $- | $- | $- | $-186.86M | $-10.00M |
| Common Stock Issued | $65.99M | $- | $- | $- | $- |
| Common Stock Repurchased | $-78.38M | $-22.49M | $-78.16M | $-12.00M | $- |
| Dividends Paid | $-20.28M | $-13.14M | $-12.84M | $-5.99M | $-11.99M |
| Other Financing Activities | $-104.58M | $-31.38M | $-55.48M | $149.83M | $- |
| Net Cash Used Provided by Financing Activities | $-137.25M | $-67.02M | $-136.77M | $-55.02M | $-21.99M |
| Effect of Forex Changes on Cash | $-3.34M | $2.89M | $-9.84M | $-3.58M | $5.93M |
| Net Change in Cash | $82.67M | $75.94M | $-330.61M | $173.87M | $64.33M |
| Cash at End of Period | $332.77M | $250.10M | $174.17M | $504.77M | $330.91M |
| Cash at Beginning of Period | $250.10M | $174.17M | $504.77M | $330.91M | $266.58M |
| Operating Cash Flow | $223.36M | $145.88M | $-17.77M | $234.91M | $85.91M |
| Capital Expenditure | $-16.38M | $-57.60M | $-26.56M | $-1.46M | $-5.52M |
| Free Cash Flow | $206.98M | $88.28M | $-44.33M | $233.45M | $80.39M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $139.44M | $-126.91M | $-66.03M | $-35.84M | $-10.41M | $-23.74M | $-18.27M | $-27.42M | $-22.61M | $-12.86M | $2.67M | $1.05M | $-18.02M | $-9.46M | $9.00M | $22.51M | $2.92M | $-1.07M | $-22.13M | $-4.06M |
| Depreciation and Amortization | $5.06M | $5.13M | $5.11M | $5.08M | $4.51M | $3.69M | $3.64M | $2.83M | $2.64M | $2.46M | $2.65M | $2.94M | $3.41M | $3.48M | $3.72M | $3.88M | $3.89M | $3.85M | $3.43M | $3.56M |
| Deferred Income Tax | $-4.04M | $2.58M | $-3.40M | $2.41M | $-1.21M | $-1.21M | $-127.00K | $470.00K | $-1.35M | $-178.00K | $-654.00K | $-563.00K | $-712.97K | $3.30M | $-1.03K | $150.00K | $-426.00K | $2.85M | $- | $- |
| Stock Based Compensation | $-44.97M | $971.00K | $90.08M | $47.31M | $50.18M | $43.44M | $42.58M | $48.27M | $40.45M | $37.61M | $36.96M | $41.41M | $45.58M | $38.23M | $7.07M | $6.16M | $6.33M | $6.12M | $6.18M | $6.18M |
| Change in Working Capital | $121.57M | $-607.49K | $72.87M | $-193.84M | $142.89M | $13.97M | $48.18M | $-160.54M | $51.28M | $18.50M | $66.89M | $-285.43M | $73.95M | $58.49M | $85.27M | $-158.71M | $119.48M | $39.45M | $48.27M | $-157.72M |
| Accounts Receivables | $11.78M | $2.30M | $-35.79M | $-11.13M | $21.62M | $-19.31M | $-6.38M | $22.81M | $-20.50M | $-8.32M | $33.97M | $-29.28M | $18.60M | $17.78M | $-21.89M | $-21.62M | $39.05M | $-22.44M | $-17.70M | $28.61M |
| Inventory | $- | $- | $- | $- | $121.89M | $-5.67M | $-121.89M | $- | $- | $- | $- | $- | $-8.27M | $-6.37M | $-14.27M | $-7.99M | $-296.00K | $-13.74M | $- | $- |
| Accounts Payables | $-8.41M | $- | $16.16M | $13.20M | $-1.92M | $5.67M | $-3.27M | $-1.86M | $-616.00K | $-1.46M | $-7.31M | $6.07M | $16.47M | $-9.76M | $-4.62M | $5.68M | $-3.33M | $9.88M | $- | $- |
| Other Working Capital | $118.20M | $-2.90M | $92.50M | $-195.91M | $1.30M | $33.28M | $179.72M | $-181.50M | $72.40M | $28.28M | $45.48M | $-262.22M | $47.14M | $56.84M | $126.04M | $-134.78M | $84.05M | $65.75M | $65.97M | $-186.33M |
| Other Non Cash Items | $66.19M | $175.28M | $-8.62M | $23.94M | $-27.59M | $2.20M | $5.58M | $3.98M | $10.50M | $1.02M | $4.72M | $-7.78M | $4.66M | $4.18M | $44.01M | $4.79M | $5.33M | $5.58M | $-6.60M | $14.49M |
| Net Cash Provided by Operating Activities | $283.26M | $56.43M | $90.01M | $-206.34M | $158.37M | $38.36M | $81.58M | $-132.41M | $80.92M | $46.55M | $103.13M | $-248.37M | $108.87M | $98.21M | $149.06M | $-121.23M | $137.51M | $56.79M | $29.15M | $-137.55M |
| Investments in Property Plant and Equipment | $13.62M | $-15.27M | $-6.26M | $-8.46M | $-12.09M | $-10.68M | $-16.50M | $-18.33M | $-18.33M | $-4.27M | $-2.57M | $-1.39M | $-778.00K | $-233.00K | $-34.00K | $-417.00K | $-557.00K | $-861.00K | $-3.02M | $-1.09M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-74.91M | $- | $- | $-20.00M | $-19.53M | $-24.75M | $-24.98M | $9.00K | $-24.18M | $-115.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $-91.19M | $91.19M | $- | $91.19M | $- | $- | $- | $140.55M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $76.92M | $-76.92M | $- | $91.19M | $-20.00M | $-19.53M | $-24.75M | $488.00K | $-500.00K | $-24.18M | $-115.00M | $- | $978.00K | $- | $-978.00K | $-978.00K | $-230.00M | $- | $- | $- |
| Net Cash Used for Investing Activities | $-658.00K | $-75.90M | $-6.26M | $82.73M | $-32.09M | $-30.20M | $-41.25M | $97.72M | $-18.82M | $-28.45M | $-117.57M | $-1.39M | $-778.00K | $-233.00K | $-34.00K | $-1.40M | $-557.00K | $-861.00K | $-3.02M | $-1.09M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.40M | $1.76M | $- | $- | $- | $-22.00M | $- | $12.00M |
| Common Stock Issued | $- | $- | $- | $65.99M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-43.88M | $-115.00K | $-34.38M | $- | $-1.03M | $-3.90M | $-7.74M | $-14.75M | $-14.87M | $-8.84M | $-43.53M | $-7.29M | $-2.48M | $-12.00M | $-104.54M | $- | $- | $- | $- | $- |
| Dividends Paid | $-6.29M | $-15.61M | $-6.20M | $-4.76M | $-3.06M | $-3.58M | $-2.97M | $-3.53M | $-18.69M | $-3.31M | $-6.02M | $-19.23M | $-14.55M | $-9.98M | $-37.57M | $-9.82M | $-200.00K | $-2.36M | $-1.00K | $-9.43M |
| Other Financing Activities | $3.78M | $-52.18M | $-13.30M | $-27.43M | $-2.94M | $-2.88M | $-453.00K | $-14.47M | $-565.00K | $-13.28M | $-359.00K | $-22.70M | $-7.20M | $-14.99M | $40.93M | $- | $11.79M | $-2.36M | $- | $- |
| Net Cash Used Provided by Financing Activities | $-46.39M | $-67.91M | $-56.75M | $33.79M | $-7.04M | $-10.37M | $-16.85M | $-32.76M | $-34.13M | $-25.42M | $-49.90M | $-27.32M | $-20.35M | $-28.21M | $3.36M | $-9.82M | $-200.00K | $-24.36M | $-1.00K | $2.57M |
| Effect of Forex Changes on Cash | $-4.61M | $2.04M | $-104.00K | $-658.00K | $1.67M | $-993.00K | $1.35M | $863.00K | $686.00K | $-192.00K | $-7.77M | $-2.56M | $-637.00K | $-3.61M | $111.00K | $557.00K | $6.09M | $2.97M | $-1.16M | $-1.97M |
| Net Change in Cash | $71.27M | $-90.02M | $26.89M | $-90.48M | $120.90M | $-3.21M | $24.83M | $-66.58M | $28.65M | $-7.51M | $-72.11M | $-279.64M | $87.10M | $66.16M | $152.49M | $-131.88M | $142.85M | $34.54M | $24.97M | $-138.03M |
| Cash at End of Period | $332.77M | $261.50M | $186.51M | $159.62M | $250.10M | $129.20M | $132.41M | $107.58M | $174.17M | $145.51M | $153.02M | $225.14M | $504.77M | $417.67M | $351.52M | $199.03M | $330.91M | $188.06M | $153.52M | $128.55M |
| Cash at Beginning of Period | $261.50M | $351.52M | $159.62M | $250.10M | $129.20M | $132.41M | $107.58M | $174.17M | $145.51M | $153.02M | $225.14M | $504.77M | $417.67M | $351.52M | $199.03M | $330.91M | $188.06M | $153.52M | $128.55M | $266.58M |
| Operating Cash Flow | $283.26M | $56.43M | $90.01M | $-206.34M | $158.37M | $38.36M | $81.58M | $-132.41M | $80.92M | $46.55M | $103.13M | $-248.37M | $108.87M | $98.21M | $149.06M | $-121.23M | $137.51M | $56.79M | $29.15M | $-137.55M |
| Capital Expenditure | $13.62M | $-15.27M | $-6.26M | $-8.46M | $-12.09M | $-10.68M | $-16.50M | $-18.33M | $-18.33M | $-4.27M | $-2.57M | $-1.39M | $-778.00K | $-233.00K | $-34.00K | $-417.00K | $-557.00K | $-861.00K | $-3.02M | $-1.09M |
| Free Cash Flow | $296.88M | $41.17M | $83.75M | $-214.81M | $146.27M | $27.68M | $65.08M | $-150.75M | $62.59M | $42.28M | $100.56M | $-249.76M | $108.09M | $97.98M | $149.02M | $-121.65M | $136.96M | $55.93M | $26.13M | $-138.64M |
Perella Weinberg Partners Dividends
Explore Perella Weinberg Partners's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.16%
Dividend Payout Ratio
-31.33%
Dividend Paid & Capex Coverage Ratio
6.09x
Perella Weinberg Partners Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.07 | $0.07 | February 18, 2025 | February 18, 2025 | March 10, 2025 | February 07, 2025 |
| $0.07 | $0.07 | December 04, 2024 | December 04, 2024 | December 18, 2024 | November 08, 2024 |
| $0.07 | $0.07 | September 05, 2024 | September 05, 2024 | September 16, 2024 | August 02, 2024 |
| $0.07 | $0.07 | May 24, 2024 | May 28, 2024 | June 10, 2024 | May 03, 2024 |
| $0.07 | $0.07 | February 27, 2024 | February 28, 2024 | March 11, 2024 | February 08, 2024 |
| $0.07 | $0.07 | November 22, 2023 | November 24, 2023 | December 08, 2023 | November 07, 2023 |
| $0.07 | $0.07 | August 31, 2023 | September 01, 2023 | September 12, 2023 | August 03, 2023 |
| $0.07 | $0.07 | May 25, 2023 | May 26, 2023 | June 09, 2023 | May 04, 2023 |
| $0.07 | $0.07 | February 27, 2023 | February 28, 2023 | March 10, 2023 | February 09, 2023 |
| $0.07 | $0.07 | November 23, 2022 | November 25, 2022 | December 09, 2022 | November 03, 2022 |
| $0.07 | $0.07 | September 01, 2022 | September 02, 2022 | September 12, 2022 | August 04, 2022 |
| $0.07 | $0.07 | May 18, 2022 | May 19, 2022 | June 02, 2022 | May 05, 2022 |
| $0.07 | $0.07 | March 02, 2022 | March 03, 2022 | March 17, 2022 | February 17, 2022 |
| $0.07 | $0.07 | December 02, 2021 | December 03, 2021 | December 17, 2021 | November 04, 2021 |
| $0.07 | $0.07 | September 02, 2021 | September 03, 2021 | September 21, 2021 | August 12, 2021 |
Perella Weinberg Partners News
Read the latest news about Perella Weinberg Partners, including recent articles, headlines, and updates.
Perella Weinberg Partners (PWP) Q4 2024 Earnings Call Transcript
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.
Perella Weinberg Reports Full Year and Fourth Quarter 2024 Results
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.
Perella Weinberg to Announce Full Year and Fourth Quarter 2024 Financial Results and to Host Conference Call on February 7, 2025
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.
Erik Maris Joins Perella Weinberg
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: Aggressive Hiring Past And Present Paying Off
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 (PWP) Q3 2024 Earnings Call Transcript
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.
Perella Weinberg Reports Third Quarter 2024 Results
Financial Overview - Third Quarter Revenues of $278 Million, Up 100% From a Year Ago Adjusted Pre-Tax Income of $52 Million, GAAP Pre-Tax Income of $36 Million Adjusted EPS of $0.34; GAAP Diluted EPS of $0.24 Financial Overview - Nine Months Revenues of $652 Million, Up 50% From a Year Ago Adjusted Pre-Tax Income of $97 Million, GAAP Pre-Tax Loss of $(96) Million Adjusted EPS of $0.69; GAAP Diluted EPS of $(1.61) Talent Investment Year-to-Date Added Five New Partners and Eleven New Managing Directors Capital Management Strong Balance Sheet with $335 Million of Cash, Cash Equivalents and Short-Term Investments and No Debt Year-to-Date Retired Approximately 12.3 Million Shares and Share Equivalents through Purchase, Exchange and Net Settlement Year-to-Date Returned $215 Million to Equity Holders Declared Quarterly Dividend of $0.07 Per Share “We delivered another record quarter and for the nine-month period produced the highest revenue in the Firm's history. Our performance demonstrates the strength of our franchise and the benefit of our increasing scale and broadening client coverage in an improving operating environment.
Perella Weinberg to Announce Third Quarter 2024 Financial Results and to Host Conference Call on November 8, 2024
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.
Perella Weinberg: Management Downplaying Q2 Outperformance
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.
Perella Weinberg Reports Second Quarter 2024 Results
Financial Overview - Second Quarter Revenues of $272 Million, Up 64% From a Year Ago Adjusted Pre-Tax Income of $63 Million, GAAP Pre-Tax Loss of $(81) Million Adjusted EPS of $0.43; GAAP Diluted EPS of $(1.21) Financial Overview - First Half Revenues of $374 Million, Up 26% From a Year Ago Adjusted Pre-Tax Income of $45 Million, GAAP Pre-Tax Loss of $(132) Million Adjusted EPS of $0.34; GAAP Diluted EPS of $(1.96) Talent Investment Year-to-Date Added Three New Partners and Nine New Managing Directors Two Additional Partners and One Additional Managing Director Joining Firm Later This Year Capital Management Strong Balance Sheet with $185 Million of Cash and No Debt Year-to-Date Retired Approximately 10.4 Million Share Equivalents through Purchase, Exchange and Net Settlement 85.8 Million Shares Outstanding at June 30, 2024, Down from 94.2 Million at March 31, 2024 Year-to-Date Returned $162 Million in Total to Equity Holders Declared Quarterly Dividend of $0.07 Per Share “We delivered strong results, with revenues hitting a quarterly record for the Firm. We continue to execute on our scaling strategy through steady and deliberate investment in talent to increase our client coverage footprint and we are encouraged by the momentum across our business – our results reflect the combined impact of an improving market environment with the right coverage, product and geographic teams in place across our platform,” stated Andrew Bednar, Chief Executive Officer.
Perella Weinberg to Announce Second Quarter 2024 Financial Results and to Host Conference Call on August 2, 2024
NEW YORK, July 19, 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 second quarter 2024 on Friday, August 2, 2024, before the market opens.
Perella Weinberg Partners (PWP) Q1 2024 Earnings Call Transcript
Perella Weinberg Partners (NASDAQ:PWP ) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Taylor Reinhardt - Head of Communications & Marketing Andrew Bednar - Chief Executive Officer Alex Gottschalk - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Steven Chubak - Wolfe Research Aidan Hall - KBW James Yaro - Goldman Sachs Operator Good morning, and welcome to the Perella Weinberg First Quarter 2024 Earnings Conference Call. During today's discussion, all callers will be placed in listen only mode and following management's prepared remarks, the conference call will be open for question from the research community.
Perella Weinberg Reports First Quarter 2024 Results
Financial Overview - First Quarter Revenues of $102 Million, Down 22% From a Year Ago Adjusted Pre-Tax Loss of $(18) Million, GAAP Pre-Tax Loss of $(51) Million Adjusted EPS of $(0.10); GAAP Diluted EPS of $(0.91) Capital Management Strong Balance Sheet with $157 Million of Cash and No Debt Repurchased Approximately 2 Million Share Equivalents Declared Quarterly Dividend of $0.07 Per Share Returned $32 Million in Total to Equity Holders “Momentum continued across our businesses during the quarter. We advised on three of the fifteen announced transactions year-to-date valued over $10 billion and our announced and pending transaction revenue backlog today is at a record high.
Perella Weinberg to Announce First Quarter 2024 Financial Results and to Host Conference Call on May 3, 2024
NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the first quarter 2024 on Friday, May 3, 2024, before the market opens.
Perella Weinberg Partners Prices Upsized Public Offering of Class A Common Stock
NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (the “Company” or “PWP”) (Nasdaq: PWP), a leading global independent advisory firm, today announced the pricing of its upsized public offering of 5,000,000 shares of Class A common stock at a public offering price of $12.00 per share (the “Offering”). In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on March 1, 2024, subject to customary closing conditions.
Perella Weinberg Partners Commences Public Offering of Class A Common Stock
NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (the “Company” or “PWP”) (Nasdaq: PWP), a leading global independent advisory firm, today announced that it has commenced a public offering of 4,500,000 shares of Class A common stock (the “Offering”). In addition, the Company expects to grant the underwriter a 30-day option to purchase an additional 675,000 shares of its Class A common stock in the Offering. The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
Perella Weinberg to Present at the Bank of America 2024 Financial Services Conference
NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Andrew Bednar, Partner and Chief Executive Officer, will present at the Bank of America 2024 Financial Services Conference on Wednesday, February 21, 2024 at 4:10PM ET.
Perella Weinberg Reports Full Year and Fourth Quarter 2023 Results
Financial Overview - Full Year Revenues of $649 Million, Up 3% From a Year Ago Adjusted Pre-tax Income of $55 Million, GAAP Pre-tax Loss of $(113) Million Adjusted EPS of $0.45; GAAP Diluted EPS of $(1.33) Financial Overview - Fourth Quarter Revenues of $213 Million, Up 16% From a Year Ago Adjusted Pre-tax Income of $11 Million, GAAP Pre-tax Loss of $(44) Million Adjusted EPS of $0.08; GAAP Diluted EPS of $(0.49) Talent Investment Continue to Add Senior Bankers to Expand Client Coverage Footprint and Accelerate Growth Added Seven Partners and Seven Managing Directors in 2023 Capital Management Strong Balance Sheet with $338 Million of Cash and Short-Term Investments and No Debt Repurchased 4 Million Shares and Equivalents in 2023 Returned $65 Million in total to equity holders in 2023 Declared Quarterly Dividend of $0.07 Per Share “We are pleased with our 2023 financial performance, having delivered year-over-year revenue growth in challenging market conditions, demonstrating that we are a trusted and valued partner to our clients in any environment. We begin 2024 with positive momentum, evidenced by our growing transaction backlog and our leading role in recently announced transactions,” stated Andrew Bednar, Chief Executive Officer.
Perella Weinberg to Announce Full Year and Fourth Quarter 2023 Financial Results and to Host Conference Call on February 8, 2024
NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (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 2023 on Thursday, February 8, 2024, before the market opens.
Jillian Colbert Alsheimer Joins Perella Weinberg as Partner
Appointment Strengthens Firm's Shareholder Activism Capabilities Underscores Commitment to Strategically Scale the Business NEW YORK, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Jillian Colbert Alsheimer has joined the Firm as a Partner in the Advisory Business. Based in New York, Ms.
Perella Weinberg to Present at the Goldman Sachs 2023 US Financial Services Conference
NEW YORK, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Andrew Bednar, Partner and Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 3PM ET.
Perella Weinberg Partners (PWP) Q3 2023 Earnings Call Transcript
Perella Weinberg Partners (NASDAQ:PWP ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head of IR Andrew Bednar - CEO Gary Barancik - CFO Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to the Perella Weinberg Third Quarter 2023 Earnings Conference Call. During today's discussion, all callers will be placed in a listen-only mode and following management's prepared remarks, the conference call will be opened for questions from the research community.
Perella Weinberg Reports Third Quarter 2023 Results
Financial Overview - Third Quarter Revenues of $139 Million, Down 4% From a Year Ago Adjusted Operating Income Margin of 8.5%, GAAP Operating Loss Margin of (19.2)% Adjusted EPS of $0.12; GAAP Diluted EPS of $(0.27) Financial Overview - Nine Months Revenues of $436 Million, Down 3% From a Year Ago Adjusted Operating Income Margin of 8.9%, GAAP Operating Loss Margin of (16.3)% Adjusted EPS of $0.37; GAAP Diluted EPS of $(0.84) Talent Investment and Strategic Actions Continue to Add Senior Bankers to Expand Client Coverage Footprint and Accelerate Growth Year-To-Date Added Six New Partners and Seven New Managing Directors Additional Partner Expected to Join Firm in the Fourth Quarter and a Further Partner in 2024 Capital Management Strong Balance Sheet with $197 Million of Cash and Short-Term Investments and No Debt Year-to-Date Returned $57 Million, Including Repurchases of 3.9 Million Shares and Equivalents Declared Quarterly Dividend of $0.07 Per Share “We continue to execute on our strategic priorities — attracting top talent to our platform and expanding our client coverage footprint — positioning us well as market conditions improve. During the quarter, we outperformed the broader market, with demand for our services driven by increasing complexity and challenging markets.
Perella Weinberg to Announce Third Quarter 2023 Financial Results and to Host Conference Call on November 7, 2023
NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the third quarter 2023 on Tuesday, November 7, 2023, before the market opens.
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