PJT Partners Posts Record Q2 Revenue of $486M, Pretax Income Jumps 33%
PJT sits 32% above its 52-week low of $127.73.
Summary
PJT Partners delivered record second-quarter results, with revenues climbing 20% to $486.3 million and pretax income surging 33% to $102.1 million. The six-month figures are equally strong: revenues up 24% to $904.5 million and pretax income up 41% to $182.5 million. Growth was broad-based across strategic advisory, private capital solutions, and restructuring. Margins improved as the compensation ratio dipped to 67.0% from 68.0%, reflecting operating leverage. This follows a strong Q1 and the recent CFO transition announcement; the earnings beat reinforces the firm's momentum heading into the second half.
At the time of this announcement, PJT was trading at $168.83 on NYSE in the Finance sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $127.73 to $195.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.