NASDAQ$PWP

Perella Weinberg Partners · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

PWP's first quarter revenues represented the second highest in the firm's history, driven by diversified revenue contribution across industry groups, products, and regions.

Perella Weinberg Partners reported first quarter revenues of $151.9 million, a decrease of 11% compared to $169.8 million in the same period last year. GAAP net income was $1.1 million, and adjusted net income was $20.5 million.

  • First Quarter 2022 Revenues of $151.9 Million
  • Adjusted Operating Income Margin of 14.8% for the First Quarter 2022; GAAP Operating Loss Margin of (6.8)% for the First Quarter 2022
  • Adjusted Net Income of $20.5 Million for the First Quarter 2022; GAAP Net Income of $1.1 Million for the First Quarter 2022
  • Declared Quarterly Dividend of $0.07 Per Share

Headline financials

Total Revenue

$152M

Previous: $5.76M+2535.7%
EPS (adj)

$0.19

No prior period
Capital Expenditures

-$1.39M

No prior period
Free Cash Flow

$7.51M

Previous: $4.9M+53.1%
Net Income

$8.89M

Previous: $4.9M+81.4%
Operating Income

-$10.4M

Previous: -$859K-1106.1%
Gross Profit

$203K

Previous: $4.9M-95.9%
Cash & Equivalents

$223M

No prior period
Total Assets

$471M

No prior period
Stock-Based Comp

$41.4M

No prior period

Revenue & EPS history

PWP · Revenue · Quarterly

$152M

Q1 2022+2,535.7%vs Q1 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Near term market volatility aside, our growth opportunity, our growth plan and our growth destination remain unchanged from when we were introduced to the public equity markets and we continue to execute against these initiatives.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+11.7%

Q2 2022

Best reaction

-17.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.1%-15.0%-24.6%
Q4 2025+8.0%+10.1%-20.1%
Q3 2025-4.6%+2.7%-1.2%
Q1 2025+2.4%-2.8%+0.7%
Q4 2024-6.8%-12.0%-22.5%
Q3 2024+6.7%+4.9%+7.2%
Q2 2024-5.7%-9.1%+6.9%
Q1 2024-2.7%-0.6%+2.7%
Q4 2023+8.9%+6.3%+13.5%
Q3 2023+6.4%+2.2%+17.7%
Q2 2023+8.5%+9.1%+5.9%
Q1 2023+10.5%+10.5%+13.3%
Q4 2022+4.5%+10.5%-11.0%
Q3 2022+5.9%+6.2%+25.7%
Q2 2022+11.7%+9.7%-4.0%
Q1 2022-17.7%-17.4%-5.6%
Q4 2021+0.6%-2.0%-16.3%
Q3 2021-2.0%+0.1%-15.6%
Q2 2021+5.6%+2.2%+6.1%
Q1 2021-0.2%+5.9%+10.8%

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