Record Q1 Adjusted Net Income and EPS
PJT Partners reported record Q1 adjusted net income and record Q1 adjusted EPS, with revenues nearly equal to last year's record Q1 levels.
Improved Adjusted Pre-Tax Margin
The adjusted pre-tax margin increased to 17.3% from 16.8% in the same period last year.
Record Adjusted Converted Earnings Per Share
The adjusted converted earnings per share for Q1 was a record $1.05, compared with $0.98 per share in the first quarter last year.
Strong Strategic Advisory Revenue Outlook
Strategic advisory revenues increased in Q1, and full-year 2025 strategic advisory revenues are expected to be up strongly from 2024 levels.
Significant Buyback Activity
PJT Partners repurchased the equivalent of approximately 1.5 million shares, primarily through open market repurchases.