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

PJT Partners reports record Q2 revenue of $360 million and diluted EPS of $1.06

Positive Impact 3 of 5 earnings Written later

PJT Partners reported second-quarter 2024 total revenues of $360 million, up 4% from a year earlier, and GAAP diluted EPS of $1.06, up 23%. On July 29, 2024, the firm entered a new $100 million revolving credit facility maturing July 29, 2026, and terminated its $60 million facility with First Republic Bank. As of June 30, 2024, the company reported $351 million in cash, cash equivalents and short-term investments and no funded debt.

Key points

  • Q2 2024 total revenues were $360 million, up 4% from $346 million; GAAP diluted EPS was $1.06 versus $0.86.
  • Six-month revenues were $690 million, up 26%; GAAP diluted EPS was $2.29 versus $1.53.
  • On July 29, 2024, the new revolving credit facility carries SOFR plus 1.85% and matures July 29, 2026; the prior $60 million facility was terminated.
  • As of June 30, 2024, cash, cash equivalents and short-term investments were $351 million and the company had no funded debt.

The filing

CompanyPJT Partners (PJT)
Form8-K, current report
Filed with the SECJul 30, 2024, 6:50 AM ET
Accession number0000950170-24-087498

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.02 Results of Operations2.03 New Direct Financial Obligation

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 30, 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.