Perella Weinberg Partners

Perella Weinberg Partners operates as an advisory firm, which engages in the provision of strategic and financial advisory services. It serves the large public multinational corporations, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees, and government institutions. The company was founded in June 2006 and is headquartered in New York, NY.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Perella Weinberg Partners reports resilient Q4 performance and growth strategy

Perella Weinberg Partners demonstrated resilience in financial performance despite market challenges, with a focus on sustainable growth and enhancing shareholder value.
The firm's strategic emphasis on key sectors and commitment to ESG advisory positions it well to capitalize on growth opportunities and navigate market uncertainties.
Challenges in the operating environment require adaptive strategies, but the firm's strong market presence and revenue surprise in Q4 indicate a promising outlook for future performance.

Perella Weinberg Partners reports Q1 revenue decline, focuses on talent

Perella Weinberg Partners (PWP) navigated a challenging Q1 2023 marked by revenue decline and market pressures. Despite this, the company maintained a focus on organic growth, talent investment, and strong cash flow. Challenges in the Capital Markets Advisory business were offset by opportunities in recruiting and strategic scaling.

Perella Weinberg Partners reports robust Q2 earnings amidst CFO transition

Perella Weinberg Partners (PWP) delivered strong financial results in Q2 2023, driven by revenue growth in the traditional M&A business and effective expense management.
Despite the upcoming CFO transition, PWP remains well-positioned with a solid financial foundation, shareholder-friendly practices, and a focus on talent growth and market opportunities.
To navigate challenges and leverage opportunities, PWP must maintain financial discipline, adapt to market dynamics, and capitalize on talent investments for sustained success and growth.

Perella Weinberg Partners reports Q3 revenues, optimistic for future growth

Perella Weinberg Partners (PWP) navigated challenges in Q3 2023 with strategic investments and increased activity in the restructuring business. Despite a decline in capital raising revenue, positive contributions from key sectors and a focus on returning capital to investors bode well for future growth.

Perella Weinberg Partners (PWP) reports strong Q4 earnings and growth prospects

Perella Weinberg Partners (PWP) delivered a robust financial performance in Q4 2023, driven by revenue growth, strong backlog, and expansion of its team. While the company faces challenges in various areas, addressing these can unlock opportunities for sustained success and shareholder value creation.

Perella Weinberg Partners reports robust Q1 performance and growth prospects

PWP's Q1 performance reflects strong revenue generation and a promising transaction pipeline.
The firm's strategic strengths in deal execution and financial management position it well for growth.
Challenges in revenue dynamics and talent acquisition require focused attention for sustained success.

Perella Weinberg Partners reports record revenues, poised for sustained growth

Perella Weinberg Partners (PWP) delivered outstanding financial performance in Q3 2024, reflecting strong revenue growth and operational efficiency.
The firm's strategic focus on key sectors, cost management, and client-centric approach underpin its current success and future prospects.
While challenges like industry competition and regulatory complexities exist, PWP's proactive stance and growth initiatives position it well for continued success.

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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.

Erik Maris Joins Perella Weinberg

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: Aggressive Hiring Past And Present Paying Off

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 Partners (PWP) Q3 2024 Earnings Call Transcript

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 Reports Third Quarter 2024 Results

Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage

Michael Masterson Joins Perella Weinberg as Partner

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 to Announce Third Quarter 2024 Financial Results and to Host Conference Call on November 8, 2024

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: Management Downplaying Q2 Outperformance

Perella Weinberg Partners (PWP) Q2 2024 Earnings Call Transcript

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 Reports Second Quarter 2024 Results

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced the promotion of four Managing Directors to Partners of the Firm.

Perella Weinberg Announces Partner Promotions

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 to Announce Second Quarter 2024 Financial Results and to Host Conference Call on August 2, 2024

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 Partners (PWP) Q1 2024 Earnings Call Transcript

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 Reports First Quarter 2024 Results

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 to Announce First Quarter 2024 Financial Results and to Host Conference Call on May 3, 2024

Appointment Strengthens Firm's Global Media & Technology Capabilities Appointment Strengthens Firm's Global Media & Technology Capabilities

David Higley Joins Perella Weinberg as Partner

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 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 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 Partners Commences Public Offering of Class A Common Stock

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 to Present at the Bank of America 2024 Financial Services Conference

Perella Weinberg Partners (PWP) Q4 2023 Earnings Call Transcript

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 Reports Full Year and Fourth Quarter 2023 Results

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.

Perella Weinberg to Announce Full Year and Fourth Quarter 2023 Financial Results and to Host Conference Call on February 8, 2024

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.

Jillian Colbert Alsheimer Joins Perella Weinberg as Partner

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 to Present at the Goldman Sachs 2023 US Financial Services Conference

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 Partners (PWP) Q3 2023 Earnings Call Transcript

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.

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