NASDAQ$PWP

Perella Weinberg Partners · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

PWP delivered record results due to high demand for advisory services and completed its transition to a public company.

Perella Weinberg Partners reported record quarterly revenues of $255.5 million for the second quarter ended June 30, 2021, up 123% from the same period in 2020. GAAP net income was $9.0 million and adjusted net income was $61.7 million for the quarter.

  • Second Quarter 2021 Revenues of $255.5 Million, Up 123% from the Same Period of 2020
  • GAAP Operating Income Margin of 19.4% for the Second Quarter 2021
  • GAAP Net Income of $9.0 Million for the Second Quarter 2021
  • Closed Business Combination with FinTech Acquisition Corp. IV (“FTIV”) on June 24, 2021

Headline financials

Total Revenue

$256M

No prior period
EPS (adj)

-$0.32

No prior period
Quarterly Dividend

$0.07

No prior period
Capital Expenditures

-$451K

No prior period
Free Cash Flow

-$13M

No prior period
Net Income

-$12.5M

No prior period
Operating Income

$49.5M

No prior period
Gross Profit

$256M

No prior period
Cash & Equivalents

$350M

No prior period
Total Assets

$610M

No prior period
Stock-Based Comp

$7.07M

No prior period

Revenue & EPS history

PWP · Revenue · Quarterly

$256M

Q2 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

PWP did not provide specific forward guidance in this earnings report.

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 Q2 2021

Historical avgQ2 2021

+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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