Perella Weinberg Reports Third Quarter 2024 Results
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Perella Weinberg Partners (PWP) reported strong third-quarter 2024 results with revenues doubling to $278 million compared to the previous year. The firm achieved an adjusted pre-tax income of $52 million and adjusted EPS of $0.34. For the nine months, revenues increased by 50% to $652 million. PWP has a strong balance sheet with $335 million in cash and no debt, and it returned $215 million to equity holders. The firm also declared a quarterly dividend of $0.07 per share.
November 08, 2024 | 12:15 pm
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Perella Weinberg Partners reported a record third quarter with revenues doubling to $278 million. The firm has a strong balance sheet and returned $215 million to equity holders, declaring a $0.07 dividend.
The significant increase in revenues and strong financial performance, along with a solid balance sheet and shareholder returns, are likely to positively impact PWP's stock price in the short term. The declaration of a dividend further supports investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100