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

PWP reports Q1 revenue decline, focuses on talent investment

PWP faced revenue decline due to longer transaction timelines and a US-centric revenue mix. Despite challenges, the company is investing in talent and returning value to investors. Analysts raised concerns about various operational and market factors, but PWP acknowledged potential opportunities in talent acquisition and navigating market dynamics.

Perella Weinberg Partners Reports Strong Q2 Revenue Growth and Optimism for Future Opportunities

Perella Weinberg Partners reported strong second quarter revenue growth and expressed optimism about future opportunities in the M&A, financing, and restructuring sectors. The company emphasized its strong brand, client relationships, and team, positioning itself well for future growth. However, sustained revenue growth and managing expenses amidst growth remain key challenges.

Perella Weinberg Q3 Revenues Decline, Strength in Sector Activity

PWP's Q3 performance showed a decline in revenues, but the company demonstrated strength in various sectors and disciplined financial management. Analyst inquiries highlighted potential challenges and opportunities for the company.

PWP reports strong Q4 earnings, eyes growth amid market improvements

PWP's Q4 2023 earnings call showcased solid financial performance, driven by revenue growth and strategic strengths in client focus and service offerings. While the company faces potential challenges in a competitive landscape, it also has opportunities to leverage its financial position and strategic focus for future growth and expansion.

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.

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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.

Perella Weinberg Reports Third Quarter 2023 Results

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.

Perella Weinberg to Announce Third Quarter 2023 Financial Results and to Host Conference Call on November 7, 2023

Interactive Brokers

Perella Weinberg, Interactive Brokers, Fifth Third Securities and Nuveen Securities, had agreed to pay a combined $91 million in penalties to the agency.

SEC fines 8 Wall Street firms over $100M in WhatsApp probe

U.S. regulators on Friday fined eight companies a combined $111 million over record-keeping lapses, the latest in a series of enforcement actions levied over Wall Street's use of WhatsApp and other unapproved messaging channels for discussing business.

US regulators settle with more firms over use of texts and WhatsApp

Appointment Strengthens Firm's Shareholder Activism, Engagement, and Analytics Expertise Underscores Firm's Commitment to Scaling Business and Expanding Client Solutions NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Troy Broderick has joined the Firm as a Partner in the Advisory Business.

Troy Broderick Joins Perella Weinberg as Partner

Appointment Reinforces Presence and Investment in European Market Underscores Firm's Commitment to Scaling Business and Increasing Client Coverage NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Johann von Wersebe has joined the Firm as a Partner in the Advisory Business.

Johann von Wersebe Joins Perella Weinberg as Partner

Financial Overview - Second Quarter Revenues of $166 Million, Up 10% From a Year Ago and Up 26% From Last Quarter Adjusted Operating Income Margin of 9.4%, GAAP Operating Loss Margin of (13.1)% Adjusted EPS of $0.16; GAAP Diluted EPS of $(0.19) Financial Overview - First Half Revenues of $297 Million, Down 2% From a Year Ago Adjusted Operating Income Margin of 9.1%, GAAP Operating Loss Margin of (15.0)% Adjusted EPS of $0.25; GAAP Diluted EPS of $(0.56) Talent Investment and Strategic Actions Continue to Add Senior Bankers to Expand Client Coverage Footprint and Accelerate Growth Year-To-Date Added Four New Partners and Eight New Managing Directors Two Additional Partners Expected to Join Firm in the Third Quarter Business Realignment Initiative Undertaken to Advance Strategic Opportunities Capital Management Strong Balance Sheet with $180 Million of Cash and Short-Term Investments and No Debt Year-to-Date Repurchased 3.6 Million Shares and Equivalents Declared Quarterly Dividend of $0.07 Per Share   “We produced solid results in a challenging M&A market environment, delivering quarterly revenue growth year-over-year for the first time since 2021, supported by the strength of our brand and the quality of our team globally. We continue to selectively add exceptional talent to our platform – furthering our mission to achieve scale, accelerate growth and drive value for our shareholders,” stated Andrew Bednar, Chief Executive Officer.

Perella Weinberg Reports Second Quarter 2023 Results

NEW YORK, July 20, 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 second quarter 2023 on Thursday, August 3, 2023, before the market opens.

Perella Weinberg to Announce Second Quarter 2023 Financial Results and to Host Conference Call on August 3, 2023

Appointment Strengthens PWP's Industrials Practice Underscores Firm's Commitment to Scaling Business NEW YORK, June 29, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Christopher Doolin has joined the Firm as a Partner in the Advisory Business. Based in Chicago, Mr.

Christopher Doolin Joins Perella Weinberg Partners as Partner

Perella Weinberg Partners (NASDAQ:PWP ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head, Investor Relations Andrew Bednar - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Matt Moon - Keefe, Bruyette & Woods Operator Good morning and welcome to the Perella Weinberg Partners First Quarter 2023 Earnings Conference Call. [Operator Instructions] This conference call is being recorded.

Perella Weinberg Partners (PWP) Q1 2023 Earnings Call Transcript

Financial Overview - First Quarter Revenues of $131 Million, Down 13% From a Year Ago Adjusted Operating Income Margin of 9%, GAAP Operating Loss Margin of (17.3)% Adjusted EPS of $0.09; GAAP Diluted EPS of $(0.37) Talent Investment Continue to Add Senior Bankers to Expand Client Coverage Footprint Three Partners and Two Managing Directors Expected to Join Firm Within the Next Six Months Year-to-date have Promoted Two Partners and Six Managing Directors Capital Management Strong Balance Sheet with $130 Million of Cash and Short-Term Investments and No Debt Repurchased 2.6 Million Shares and Equivalents, Including 1.5 Million Shares in Open Market Declared Quarterly Dividend of $0.07 Per Share “Throughout this more challenging market environment we remained focused on our mission to scale the Firm while providing world-class strategic and financial advice to our clients. We continue to invest in talent to drive revenue growth by broadening our industry reach and expanding our product capabilities,” stated Andrew Bednar, Chief Executive Officer.

Perella Weinberg Partners Reports First Quarter 2023 Results

NEW YORK, April 20, 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 first quarter 2023 on Thursday, May 4, 2023, before the market opens.

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