Company Overview - PJT Partners is a premier, global, advisory-focused investment bank with over $4 billion in strategic advisory[4] - The company has a broad suite of capabilities, advising on complex investor matters and liability management[10] - PJT Park Hill has raised over $490 billion in capital[86] Growth and Performance - The total partner count has increased by +161% since 2015[6] - Employee count has increased by +188% since 2015[6] - The company's revenues have increased by +216% since 2015, reaching $1,283 million in LTM 1Q24[6] - Adjusted EPS has increased by +140% since 2016, reaching $3.72 in LTM 1Q24[6] - Adjusted Pretax Income has increased by +395% since 2015, reaching $207 million in LTM 1Q24[6] Strategic Advisory - Strategic Advisory advises many of the world's most consequential companies[64] - The company has a growing roster of experienced practitioners in Strategic Advisory[22]

PJT Partners (PJT) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 117.78%. A quarter ago, it was expected that this investment bank would post earnings of $0.76 per share when it actually produced earnings of $0.96, delivering a surprise of 26.32%.Over the last four quarters, the com ...

Exhibit 99.1 PJT Partners Inc. Reports Record First Quarter 2024 Results First Quarter Overview Capital Management and Balance Sheet Paul J. Taubman, Chairman and Chief Executive Officer, said, "We reported our second highest revenue quarter ever, reflecting strong performance in all of our businesses. In addition to our strong results, we continue to see progress as measured by the success of our recruiting efforts, the maturation of our team, and the growing recognition of our brand. We continue to invest ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36869 PJT Partners Inc. (Exact name of Registrant as specified in its Charter) Delaware 36-4797143 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - For the full year 2023, total revenues were $1.153 billion, up 12% year-over-year, with significant increases in restructuring offsetting declines in PJT Park Hill and strategic advisory revenues [20][138] - Adjusted pretax income for the full year was $183 million, with an adjusted pretax margin of 15.8% [12][138] - Adjusted compensation expense for the full year was $805 million, up 23% year-over-year, with a compensation ratio of 69.8% [10][138] - The effective tax rate for the full year was 25.3%, lower than the estimated rate of 26.7% [22] Business Line Data and Key Metrics Changes - The restructuring business delivered record results for the full year, capitalizing on favorable market conditions [15] - PJT Park Hill faced a challenging environment in 2023, with a significant reduction in capital return due to a lack of M&A and IPO activity [16] - Strategic advisory revenues saw a modest decline compared to the previous year [20] Market Data and Key Metrics Changes - The M&A market is expected to recover slowly, with historical levels anticipated to return, but not as attractive as in 2023 [7][30] - The restructuring cycle is believed to be in its early to middle innings, with a multiyear cycle of elevated activity expected [48][45] Company Strategy and Development Direction - The company is focused on leveraging its restructuring capabilities alongside strategic advisory to expand its footprint [34] - There is an emphasis on investing in talent during market downturns to prepare for future growth [6][5] - The company plans to continue its share repurchase program, with a new authorization of $500 million to mitigate dilution [23][140] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects despite current market challenges, indicating a constructive outlook for 2024 [30][44] - The company anticipates a step function increase in occupancy costs due to renegotiated leases, impacting non-compensation expenses [147][126] - Management noted that while the M&A market is subdued, corporate interest in using M&A as a strategic tool remains strong [71][72] Other Important Information - The company ranked number one in announced restructurings in both the U.S. and globally for the year [25] - The weighted average share count for the year was 42.9 million shares, reflecting an increase due to performance shares [13] Q&A Session All Questions and Answers Question: Can you provide insights on the performance of Park Hill? - Management acknowledged that Park Hill had a record year in 2022, and the current struggles are relative to that high base, emphasizing the importance of market timing and composition within the business [28][29] Question: How do you view the interplay between restructuring and M&A advisory? - Management indicated that they have caught the restructuring wave early and are leveraging this to build out their strategic advisory capabilities [34] Question: What is the outlook for fundraising and its impact on Park Hill? - Management expects fundraising to improve in 2024 but does not anticipate a full return to normal levels until 2025, indicating a gradual recovery process [86] Question: How does geopolitical risk affect deal activity? - Management noted that while geopolitical risks are not currently a focus, they may become significant as the election approaches, potentially impacting deal activity [90][96] Question: What is the company's approach to share repurchases? - Management emphasized a strong commitment to share repurchases, indicating that they will be aggressive in using capital to buy back stock to avoid dilution for shareholders [97][140]

PJT Partners (PJT) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.32%. A quarter ago, it was expected that this investment bank would post earnings of $0.43 per share when it actually produced earnings of $0.78, delivering a surprise of 81.40%.Over the last four quarters, the comp ...

NEW YORK--(BUSINESS WIRE)--PJT Partners Inc. (the “Company” or “PJT Partners”) (NYSE: PJT) today announced its financial results for the full year and quarter ended December 31, 2023. Revenues The following table sets forth revenues for the three months and year ended December 31, 2023 and 2022:     Three Months Ended December 31,           Year Ended December 31,           2023     2022     % Change     2023     2022   ...

The market expects PJT Partners (PJT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 6, 2024, might help the stock move higher if these key numbers a ...

NEW YORK--(BUSINESS WIRE)--PJT Partners Inc. (“PJT Partners”) (NYSE:PJT) announced that it expects to release its full year and fourth quarter 2023 financial results on Tuesday morning, February 6, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, February 6, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Execut ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Delaware 36-4797143 280 Park Avenue New York, New York 10017 (Address of principal executive offices)(Zip Code) (212) 364-78 ...