Financial Data and Key Metrics - Full year 2023 revenues were $649 million, up 3% YoY, with Q4 revenues of $213 million, up 16% YoY [15] - Adjusted compensation expense represented 70% of revenues in 2023, up 3% from 2022 [50] - Adjusted non-compensation expense was $144 million for 2023, up 17% YoY, with single-digit growth expected in 2024 [51] - The company maintains a strong capital position with $338 million in cash and short-term investments and no debt [52] Business Line Performance - The M&A business saw growth driven by large deals with higher fees, despite a 30% decline in global M&A market closings [16][7] - The financing and capital solutions business, including restructuring, made significant progress in 2023, with elevated client activity levels [43] - The backlog of announced and impending transactions reached a record high, driven by an increase in M&A activity [56] Market Performance - European business showed increased engagements and overall dialogue, with activity consistent with peer group reports [12][57] - The US and Europe both showed strong activity, with a lag in revenue recognition from larger transactions in Europe [57] Strategic Direction and Industry Competition - The company's integrated and collaborative model has proven valuable, particularly in restructuring mandates and future M&A activity [1] - The firm is focused on adding senior bankers in strategically attractive segments while maintaining disciplined admissions criteria [46] - The company aims to achieve $1 billion in revenue, with a stronger and more diversified team than a year ago [47] Management Commentary on Operating Environment and Outlook - Management highlighted the resilience of the business model, outperforming the broader market due to scale, corporate client focus, and diversified service offerings [16][17] - The company expects a resumption of growth in traditional M&A markets, with a tailwind for the business in 2024 [48] - Management emphasized prudent investments in talent and capabilities to prepare for market rebounds [33] Other Important Information - The company returned $65 million to investors in 2023 through repurchases, dividends, and distributions [53] - A quarterly dividend of $0.07 per share was declared [53] Q&A Session Summary Question: How does the company plan to grow faster than the broader M&A market? - The company is less tethered to the overall M&A market due to its scale, corporate client focus, and diversified service offerings. It seeks non-linear growth by hiring partners who enhance the firm's capabilities beyond their individual contributions [20][21] Question: What is the composition of the backlog, and how has it evolved? - The backlog is largely driven by an increase in M&A activity, with both restructuring and M&A pipelines up from the previous quarter and year [56] Question: How does the company view productivity per partner? - The company aims to increase productivity per partner to $15 million, up from $10 million in 2023, with investments in new talent requiring time to ramp up [60] Question: What are the hiring expectations for 2024? - The company plans to remain active in recruiting senior bankers while maintaining strict criteria for growth and seeking non-linear growth opportunities [39][46]

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2023 on Thursday, February 8, 2024, before the market opens. Conference Call and WebcastManagement will host a conference call and webcast to review PWP’s results on the same day at 9:00AM ET. A webcast of the conference call will be available to the public on a listen-only b ...

Perella Weinberg Partners (NASDAQ:PWP) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head of IR Andrew Bednar - CEO Gary Barancik - CFO Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to the Perella Weinberg Third Quarter 2023 Earnings Conference Call. During today’s discussion, all callers will be placed in a listen-only mode and following management ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________________________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Perella Weinberg Partners (NASDAQ:PWP) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head, IR Andrew Bednar - CEO Gary Barancik - CFO Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Operator Good morning and welcome to the Perella Weinberg Partners Second Quarter 2023 Earnings Conference Call. During today's discussion, all callers will be placed in a listen-only mode and following manag ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________________________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Perella Weinberg Partners (NASDAQ:PWP) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head, Investor Relations Andrew Bednar - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Matt Moon - Keefe, Bruyette & Woods Operator Good morning and welcome to the Perella Weinberg Partners First Quarter 2023 Earnings Conference Call. [Opera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________________________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2022 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: 001-39558 PERELLA WEINBERG PARTNERS (Exact Name of Registrant as Specified in its Charter) Delaware 84-1770732 ( State or other jurisdicti ...

Perella Weinberg Partners (NASDAQ:PWP) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head, Investor Relations Peter Weinberg - Founding Partner & Chairman Andrew Bednar - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Operator Good morning and welcome to the Perella Weinberg Partners' Full Year and Fourth Quarter 2022 Earni ...