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, 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.

Perella Weinberg Partners to Announce First Quarter 2023 Financial Results and to Host Conference Call on May 4, 2023

We are seeing from a larger player now that restructuring is actually picking up, but not with disaster bankruptcies that we might have expected some years ago. Europe is a strong market for PWP, and the losses in revenue are all coming from the US, but we are seeing sequential improvement and the bleeding is staunched.

Perella Weinberg Is Doubling The Buyback Program

NEW YORK--(BUSINESS WIRE)---- $PWP #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fintech Acquisition Corporation IV, which merged with Perella Weinberg Partners ("Perella" or "the Company") (NYSE: PWP) on June 24, 2021. Such investors who continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pwp.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Perella Weinberg Partners, Inc. (PWP) Investigation

The investment bank beat fourth-quarter earnings estimates.

Why Perella Weinberg Partners Stock Was Up Today

Perella Weinberg Partners (NASDAQ:PWP ) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head, Investor Relations Peter Weinberg - Founding Partner & Chairman 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 Operator Good morning and welcome to the Perella Weinberg Partners' Full Year and Fourth Quarter 2022 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following managements' prepared remarks, the conference will be open for questions from the research community.

Perella Weinberg Partners (PWP) Q4 2022 Earnings Call Transcript

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (the “Firm” or “PWP”) (NASDAQ:PWP) today reported financial results for the full year and fourth quarter ended December 31, 2022. The Firm reported revenues of $631.5 million for the year ended December 31, 2022, compared with $801.7 million for the year ended December 31, 2021, a record year for the firm. GAAP net loss and adjusted net income were $(31.7) million and $81.6 million, respectively, for the year ended December 31, 2022, compared with GAAP net income of $4.0 million and adjusted net income of $160.5 million for the year ended December 31, 2021. GAAP diluted net loss per Class A share (also referred to as “GAAP Diluted EPS”) and adjusted diluted if-converted net income per Class A share (also referred to as “Adjusted EPS”) were $(0.46) and $0.78, respectively, for the year ended December 31, 2022.

Perella Weinberg Partners Reports Full Year and Fourth Quarter 2022 Results; Announces Additional $100 Million Share Repurchase Authorization

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Peter Weinberg, Founding Partner and Chairman, will present at the Bank of America Securities 2023 Financial Services Conference on Thursday, February 16, 2023 at 1:40PM ET.

Perella Weinberg Partners to Present at the Bank of America Securities 2023 Financial Services Conference

NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Andrew Bednar, Chief Executive Officer, will present at the Credit Suisse 24th Annual Financial Services Forum on Wednesday, February 15, 2023 at 8:35AM ET.

Perella Weinberg Partners to Present at the Credit Suisse 24th Annual Financial Services Forum

NEW YORK, Jan. 26, 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 full year and fourth quarter 2022 on Thursday, February 9, 2023, before the market opens.

Perella Weinberg Partners to Announce Full Year and Fourth Quarter 2022 Financial Results and to Host Conference Call on February 9, 2023

NEW YORK, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, today announced the promotion of two Managing Directors to Partners of the Firm, effective January 1, 2023:

Perella Weinberg Partners Announces New Partners

NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Peter Weinberg, Chairman and Chief Executive Officer, and Andrew Bednar, Co-President and CEO-Elect, will present at the Goldman Sachs 2022 US Financial Services Conference on Tuesday, December 6, 2022 at 2:20PM ET.

Perella Weinberg Partners to Present at the Goldman Sachs 2022 US Financial Services Conference

Perella Weinberg Partners booked record earnings in FY12/2021, but the dealmaking market has deteriorated significantly. The outlook appears to be a gradual recovery, with challenging conditions to last for the short to medium term as customers reset M&A strategies.

Perella Weinberg Partners: Limited Upside Given Challenging Conditions

Perella Weinberg Partners (NASDAQ:PWP ) Q3 2022 Results Conference Call November 3, 2022 9:00 AM ET Company Participants Taylor Reinhardt - Head of Investor Relations Peter Weinberg - Chief Executive Officer Andrew Bednar - Co-President Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Mike Brown - KBW Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to the Perella Weinberg Partners Third Quarter 2022 Earnings Conference Call [Operator Instructions]. Please be advised that today's call is being recorded.

Perella Weinberg Partners (PWP) Q3 2022 Earnings Call Transcript

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (the “Firm” or “PWP”) (NASDAQ:PWP) today reported financial results for the third quarter ended September 30, 2022. The Firm reported third quarter revenues of $145.4 million for the three months ended September 30, 2022, compared with $177.4 million for the three months ended September 30, 2021. GAAP net loss and adjusted net income were $(12.9) million and $25.9 million, respectively, for the three months ended September 30, 2022, compared with GAAP net loss of $(9.5) million and adjusted net income of $28.9 million for the three months ended September 30, 2021. GAAP diluted net loss per Class A share (also referred to as “GAAP Diluted EPS”) and adjusted diluted if-converted net income per Class A share (also referred to as “Adjusted EPS”) were $(0.19) and $0.26, respectively, for the three months ended September 30, 2022.

Perella Weinberg Partners Reports Third Quarter 2022 Results

NEW YORK, Oct. 20, 2022 (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 2022 on Thursday, November 3, 2022, before the market opens.

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