PJT
PJT Partners Inc.171.18
+1.15+0.68%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.80BP/E (TTM)
26.17Basic EPS (TTM)
6.54Dividend Yield
0.01%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
PJT Partners posted solid Q2 results, with total revenues climbing 13% year-over-year to $406.9M, driven by advisory fees that surged 15% to $354.5M on stronger strategic advisory demand, while placement fees dipped 8% to $43.2M amid fundraising headwinds. Expenses rose 12% to $330.4M, mainly from higher compensation tied to revenue growth and office expansions in London and New York, yielding pretax income up 19% to $76.5M and diluted EPS of $1.21, up 14% (derived). Cash from operations for the half-year hit $114.5M, though free cash flow stood at $101.0M after $13.5M capex (derived), with $214.6M in cash equivalents and $100M revolver fully available, no debt outstanding. No M&A or impairments noted. Yet cyber attacks pose a persistent threat to operations.
8-K
Currie joins PJT board
PJT Partners appointed Peter L.S. Currie to its Board of Directors on July 30, 2025, expanding the board to eight members and adding him to the Audit Committee. Currie brings deep expertise from senior roles at Netscape and McCaw Cellular, plus board service at Twitter and Schlumberger, to guide the firm through tech-driven client transformations. His insights sharpen PJT's edge in advisory services. Yet, integration hinges on seamless board dynamics.
8-K
Record Q2 revenues hit $407M
PJT Partners posted record Q2 revenues of $407 million, up 13% year-over-year, fueled by 15% growth in advisory fees from strategic deals, while placement fees dipped 8%. Pretax income climbed 19% to $76 million on GAAP basis, with adjusted EPS surging 29% to $1.54; yet non-comp expenses rose on office expansions and travel. The firm repurchased 2.1 million shares through June, holding $318 million in cash with no debt. Strong advisory momentum bolsters growth outlook.
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