Perella Weinberg Partners (PWP) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic ... [Yahoo! Finance]
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: Yahoo! Finance
Perella Weinberg Partners ( NASDAQ:PWP ) reported a record quarterly revenue of $278 million, marking a 100% increase year-over-year. Year-to-date revenues reached $652 million, up 50% year-over-year, the highest in the firm's history for the first nine months. The firm is experiencing topline growth across its businesses, driven by larger fee events and strategic positioning. PWP is in the early stages of a multiyear growth cycle in transaction markets, with corporate activity accelerating. The firm has made strategic investments in talent, adding partners in key sectors like consumer health and transportation, which are already yielding results. The adjusted compensation ratio remains high at 68%, which may impact profitability. Non-compensation expenses have increased by approximately 10% compared to last year. The firm is running below its recruiting target, which could impact future growth. There is a noted slowdown in sponsor activity compared to corporate M&A,
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PWP
News
- Erik Maris Joins Perella Weinberg [Yahoo! Finance]Yahoo! Finance
- Erik Maris Joins Perella WeinbergGlobeNewswire
- Perella Weinberg Partners (NASDAQ:PWP) Is Paying Out A Dividend Of $0.07 [Yahoo! Finance]Yahoo! Finance
- Perella Weinberg Partners Third Quarter 2024 Earnings: EPS: US$0.29 (vs US$0.048 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Perella Weinberg Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
PWP
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 8-K
- 11/14/24 - Form 4
- PWP's page on the SEC website