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AI brief of an SEC Form 8-K · PJT Partners (PJT)

PJT Partners Q2 revenue rises 49% to $346 million; first-half EPS falls 12%

Mixed Impact 3 of 5 earnings Written later

PJT Partners reported second-quarter 2023 revenue of $346 million, up 49% from a year earlier, and GAAP diluted EPS of $0.86 versus $0.74. For the first six months, revenue rose 14% to $546 million, but GAAP diluted EPS fell 12% to $1.53, as compensation and non-compensation expenses increased. The Board declared a $0.25 quarterly dividend, and the company held $226 million in cash with no funded debt as of June 30, 2023.

Key points

  • Q2 2023 revenue of $346 million, up 49%; Advisory revenue of $324 million, up 73%, principally due to higher restructuring revenues
  • Q2 GAAP diluted EPS of $0.86 versus $0.74; Adjusted EPS of $0.99 versus $0.88 in the prior year
  • Six months GAAP diluted EPS of $1.53, down 12%; Adjusted EPS of $1.52, down 19%
  • Quarterly dividend of $0.25 per Class A share, payable September 20, 2023 to holders of record as of September 6, 2023

The filing

CompanyPJT Partners (PJT)
Form8-K, current report
Filed with the SECJul 25, 2023, 6:50 AM ET
Accession number0000950170-23-034213

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.