NASDAQ$PWP

Perella Weinberg Partners · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Perella Weinberg reported an increase in revenue and adjusted pre-tax income compared to the previous year, driven by strong momentum across its platform.

Perella Weinberg Partners reported full year and fourth quarter 2024 results. Full year revenues were $878 million, up 35% from a year ago. Fourth quarter revenues were $226 million, up 6% from a year ago. The company added five partners and eleven managing directors in 2024 and declared a quarterly dividend of $0.07 per share.

  • Revenues of $226 million, Up 6% From a Year Ago
  • Adjusted Pre-Tax Income of $40 Million, GAAP Pre-Tax Income of $28 Million
  • Adjusted EPS of $0.26; GAAP Diluted EPS of $0.30
  • Strong Balance Sheet with $407 Million of Cash and Short-Term Investments and No Debt

Headline financials

Total Revenue

$226M

Previous: $213M+6.1%
EPS (adj)

$0.26

Previous: $0.08+225.0%
Adjusted Pre-Tax Income

$29M

No prior period
Total Compensation and Benefits GAAP

$156M

No prior period
Adjusted Total Compensation and Benefits

$146M

No prior period
Non-Compensation Expense GAAP

$48.2M

No prior period
Adjusted Non-Compensation Expense

$46.3M

No prior period
GAAP Operating Income (Loss) Margin

9.5%

No prior period
Adjusted Operating Income (Loss) Margin

14.8%

No prior period
GAAP Compensation Ratio

69.0%

No prior period
Adjusted Compensation Ratio

65.0%

No prior period
GAAP Effective Tax Rate

-18.0%

No prior period
Adjusted If-Converted Effective Tax Rate

34.0%

No prior period
Net Income

$32.7M

Previous: -$42.4M+177.0%
Operating Income

$21.4M

Previous: -$44M+148.6%

Revenue & EPS history

PWP · Revenue · Quarterly

$226M

Q4 2024+6.1%vs Q4 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

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 Q4 2024

Historical avgQ4 2024

+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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