PJT Partners Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results with revenues up 29% and adjusted EPS up 47% year-over-year, driven by strong Strategic Advisory and Restructuring performance. Mandate and revenue pipelines are at record levels, and a new $800 million share repurchase program was authorized.
Fiscal Year 2025
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Record 2025 results with double-digit revenue and EPS growth, driven by strong performance in Strategic Advisory, Restructuring, and Park Hill. Robust pipelines and disciplined capital allocation position the firm for continued growth despite market uncertainties.
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Patience and foundational investment have positioned the firm for accelerated growth, especially in healthcare, technology, and industrials. M&A activity is rebounding, with larger deals leading and private equity set to increase commitments in 2026. AI and market disruption are driving productivity and restructuring opportunities.
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Record quarterly and nine-month results driven by strong Strategic Advisory and Restructuring revenues, with robust operating margins and continued investment in talent. Outlook remains optimistic but cautious amid macro risks, with strong liquidity and ongoing share repurchases.
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Record Q2 and first-half results with double-digit revenue and EPS growth, led by Strategic Advisory and strong restructuring performance. Outlook remains positive with robust pipelines, ongoing investments, and improved market conditions, though fundraising and regulatory challenges persist.
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Q1 revenues were $325M, with record adjusted net income and EPS, and a stable full-year outlook despite market volatility. Strategic advisory and restructuring remain strong, while fundraising faces headwinds but benefits from increased demand for alternative liquidity.
Fiscal Year 2024
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Record 2024 results with 29% revenue growth, record adjusted EPS, and strong performance across all segments. Outlook remains positive with expectations for continued growth, margin improvement, and robust activity in Restructuring and Strategic Advisory.
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All business lines are set for growth in 2024–2025, supported by a constructive macro environment, lighter regulation, and abundant capital. Strategic investments in new geographies and industry verticals, along with a focus on differentiated advisory, underpin a long growth runway. Restructuring and liability management will remain elevated as the market normalizes from the easy money era.
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Record revenues and earnings were achieved, driven by strong performance across all business lines and strategic expansion, including the deNovo Partners acquisition. Outlook for 2025 is optimistic, with expectations for comp leverage and continued growth, especially in strategic advisory and restructuring.
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Record Q2 and H1 revenues and earnings were driven by strong performance across all business segments, with significant growth in Park Hill and Strategic Advisory. The firm expects continued revenue growth, robust restructuring activity, and a positive outlook post-election.