UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________________________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Perella Weinberg Partners (NASDAQ:PWP) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Taylor Reinhardt - Head of Communications & Marketing Andrew Bednar - Chief Executive Officer Alex Gottschalk - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Steven Chubak - Wolfe Research Aidan Hall - KBW James Yaro - Goldman Sachs Operator Good morning, and welcome to the Perella Weinberg First Quarter 2024 Earnings Conference Call. During today's discussion, ...

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, announced today that David Higley has joined the Firm as a Partner in the Advisory Business. Based in Los Angeles, Mr. Higley will enhance the Firm's Global Media & Technology practice providing strategic advice to clients globally in the media and interactive entertainment sectors. Mr. Higley joins Perella Weinberg from Lazard, where he served as a Managing Director and the Globa ...

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (the "Company" or "PWP") (NASDAQ:PWP), a leading global independent advisory firm, today announced the pricing of its upsized public offering of 5,000,000 shares of Class A common stock at a public offering price of $12.00 per share (the "Offering"). In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of its Class A common stock at the public offering price, less underwriting ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-39558 PERELLA WEINBERG PARTNERS (Exact Name of Registrant as Specified in its Charter) Delaware 84-1770732 (I.R.S. Employer Identifica ...

NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners ("PWP") (NASDAQ:PWP), a leading global independent advisory firm, today announced that Andrew Bednar, Partner and Chief Executive Officer, will present at the Bank of America 2024 Financial Services Conference on Wednesday, February 21, 2024 at 4:10PM ET. A live webcast of the conversation will be available to the public on the Investor's section of PWP's website at https://investors.pwpartners.com. For those unable to listen to the live ...

NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that Andrew Bednar, Partner and Chief Executive Officer, will present at the Bank of America 2024 Financial Services Conference on Wednesday, February 21, 2024 at 4:10PM ET. A live webcast of the conversation will be available to the public on the Investor’s section of PWP’s website at https://investors.pwpartners.com. For those unable to listen to the live ...

Financial Data and Key Metrics - Full year 2023 revenues were $649 million, up 3% YoY, with Q4 revenues of $213 million, up 16% YoY [15] - Adjusted compensation expense represented 70% of revenues in 2023, up 3% from 2022 [50] - Adjusted non-compensation expense was $144 million for 2023, up 17% YoY, with single-digit growth expected in 2024 [51] - The company maintains a strong capital position with $338 million in cash and short-term investments and no debt [52] Business Line Performance - The M&A business saw growth driven by large deals with higher fees, despite a 30% decline in global M&A market closings [16][7] - The financing and capital solutions business, including restructuring, made significant progress in 2023, with elevated client activity levels [43] - The backlog of announced and impending transactions reached a record high, driven by an increase in M&A activity [56] Market Performance - European business showed increased engagements and overall dialogue, with activity consistent with peer group reports [12][57] - The US and Europe both showed strong activity, with a lag in revenue recognition from larger transactions in Europe [57] Strategic Direction and Industry Competition - The company's integrated and collaborative model has proven valuable, particularly in restructuring mandates and future M&A activity [1] - The firm is focused on adding senior bankers in strategically attractive segments while maintaining disciplined admissions criteria [46] - The company aims to achieve $1 billion in revenue, with a stronger and more diversified team than a year ago [47] Management Commentary on Operating Environment and Outlook - Management highlighted the resilience of the business model, outperforming the broader market due to scale, corporate client focus, and diversified service offerings [16][17] - The company expects a resumption of growth in traditional M&A markets, with a tailwind for the business in 2024 [48] - Management emphasized prudent investments in talent and capabilities to prepare for market rebounds [33] Other Important Information - The company returned $65 million to investors in 2023 through repurchases, dividends, and distributions [53] - A quarterly dividend of $0.07 per share was declared [53] Q&A Session Summary Question: How does the company plan to grow faster than the broader M&A market? - The company is less tethered to the overall M&A market due to its scale, corporate client focus, and diversified service offerings. It seeks non-linear growth by hiring partners who enhance the firm's capabilities beyond their individual contributions [20][21] Question: What is the composition of the backlog, and how has it evolved? - The backlog is largely driven by an increase in M&A activity, with both restructuring and M&A pipelines up from the previous quarter and year [56] Question: How does the company view productivity per partner? - The company aims to increase productivity per partner to $15 million, up from $10 million in 2023, with investments in new talent requiring time to ramp up [60] Question: What are the hiring expectations for 2024? - The company plans to remain active in recruiting senior bankers while maintaining strict criteria for growth and seeking non-linear growth opportunities [39][46]

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2023 on Thursday, February 8, 2024, before the market opens. Conference Call and WebcastManagement will host a conference call and webcast to review PWP’s results on the same day at 9:00AM ET. A webcast of the conference call will be available to the public on a listen-only b ...

Perella Weinberg Partners (NASDAQ:PWP) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Taylor Reinhardt - Head of IR Andrew Bednar - CEO Gary Barancik - CFO Conference Call Participants Devin Ryan - JMP Securities James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to the Perella Weinberg Third Quarter 2023 Earnings Conference Call. During today’s discussion, all callers will be placed in a listen-only mode and following management ...