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

PJT Partners reports record Q1 2024 revenue of $329 million, up 65%

Positive Impact 3 of 5 earnings Written later

PJT Partners reported record first-quarter 2024 revenues of $329 million, up 65% from a year earlier, with GAAP diluted EPS of $1.22, up 82%. Management said the company reported its second highest revenue quarter ever, and it repurchased 1.5 million share equivalents during the quarter.

Key points

  • Total revenues $329.4 million vs. $200.0 million in Q1 2023; Advisory revenues up 72%
  • GAAP diluted EPS $1.22 vs. $0.67; Adjusted EPS $0.98 vs. $0.54
  • GAAP non-compensation expense rose to $46.6 million from $37.8 million, mainly due to higher bad debt expense, occupancy and travel
  • Cash and short-term investments of $236 million, no funded debt; quarterly dividend of $0.25 per share payable June 20, 2024

The filing

CompanyPJT Partners (PJT)
Form8-K, current report
Filed with the SECMay 2, 2024, 6:50 AM ET
Accession number0000950170-24-051554

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 May 02, 2024.

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.