Perella Weinberg Partners Reports Strong 2024 Results

Perella Weinberg Partners ( (PWP) ) has released its Q4 earnings. Here is a breakdown of the information Perella Weinberg Partners presented to its investors.

Perella Weinberg Partners is a global independent advisory firm that provides strategic and financial advice to corporations, financial sponsors, governments, and sovereign wealth funds across various industry sectors and global markets.

The company announced strong financial results for 2024, with revenues for the year totaling $878 million, marking a 35% increase from the previous year. This growth was attributed to the firm’s involvement in larger transactions both in size and number. The fourth quarter also saw an increase in revenues to $226 million, up 6% from the previous year.

Key financial metrics highlighted in the earnings report include an adjusted pre-tax income of $137 million for the full year, while the GAAP pre-tax loss stood at $68 million. The company also reported an adjusted EPS of $0.96 for the year. The firm continued to invest in talent, adding five partners and eleven managing directors, and maintained a robust balance sheet with $407 million in cash and short-term investments, while having no debt.

Perella Weinberg’s capital management efforts included returning $282 million to equity holders in 2024 through share retirements and dividend payments. The firm declared a quarterly dividend of $0.07 per share. CEO Andrew Bednar noted that the company’s record results were driven by strong momentum and emphasized the firm’s focus on helping clients navigate complex challenges as market conditions improve.

Looking forward, Perella Weinberg Partners remains optimistic about 2025, anticipating continued market improvements and maintaining a focus on delivering trusted advice and transformative transaction solutions for their clients.