Every material Form 8-K PJT Partners filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PJT Partners reported third-quarter 2024 results in a press release furnished as Exhibit 99.1 to a Form 8-K. Revenue rose 17% from a year earlier to $326 million, and GAAP diluted EPS rose 16% to $0.79, with the company describing these as record third-quarter results. The company also declared a quarterly dividend of $0.25 per share and reported $477 million in cash and short-term investments with no funded debt.
Q3 2024 total revenues were $326.3 million, up 17% from $278.4 million a year earlier
GAAP diluted EPS was $0.79 versus $0.68; Adjusted EPS was $0.93 versus $0.78
GAAP pretax income was $49.4 million, up 16% from a year earlier
Quarterly dividend of $0.25 per Class A share is payable December 18, 2024 to holders of record on December 4, 2024
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.
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.
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.
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
PJT Partners reported record full-year 2023 revenues of $1.15 billion, up 12%, and record fourth-quarter revenues of $329 million, up 17%. GAAP diluted EPS fell to $3.12 for the year from $3.51 and to $0.87 for the quarter from $0.95, so profit per share declined even as revenue grew. The Board also authorized a new $500 million Class A share repurchase program.
Full-year 2023 total revenues of $1.15 billion, up 12% from $1.03 billion; GAAP diluted EPS of $3.12 versus $3.51 in 2022
Fourth-quarter 2023 revenues of $329 million, up 17%; GAAP diluted EPS of $0.87 versus $0.95 a year earlier
Board authorized a $500 million Class A common stock repurchase program on February 5, 2024, replacing the April 25, 2022 authorization
Cash, cash equivalents and short-term investments of $437 million at December 31, 2023, with no funded debt
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every PJT Partners filing is on SEC EDGAR ↗. 8-K briefs of other companies →