PJT Partners Reports Record Q2 Results with Strong Revenue Growth
PJT Partners (NYSE:PJT) reported strong financial performance in its second-quarter earnings, delivering revenue of $486 million—a 20% increase year-over-year—and adjusted EPS of $1.97, up 28%. The firm also recorded first-half revenue growth of 24%, reaching $904 million. Strategic advisory and restructuring were key drivers behind the results, with M&A mandates rising over 20% compared to last year. Despite robust performance in the first half, management expects full-year growth to moderate from this pace. The firm's Private Capital Solutions segment helped offset weaker primary fundraising activity while contributing to improved margins. PJT also continued returning capital through share repurchases and a $0.25 quarterly dividend per share. CFO Helen Meates is set to step down in October, with Arun Kalra taking over the role. Chairman Paul Taubman emphasized thatPJTs long-term investment in strategic advisory has contributed significantly to its success, noting favorable but volatile market conditions due to geopolitical and AI-related uncertainties.
Topics: executive changes financial performance revenue growth strategic advisory