Quarterly ResultApr 28, 2026, 06:56 AM
PJT Q1 Revenue +29% to $418M; EPS $2.21; $800M Buyback Authorized
AI Summary
PJT Partners Inc. reported record first-quarter 2026 financial results, with revenues increasing 29% to $418 million, GAAP pretax income rising 53% to $80 million, and GAAP diluted EPS growing 11% to $2.21. The company's Board of Directors also authorized a new $800 million Class A common stock repurchase program, replacing the previous authorization. PJT repurchased 1.6 million shares for $244 million during the quarter and declared a quarterly dividend of $0.25 per share.
Key Highlights
- Record Q1 Revenues of $418 million, up 29% from a year ago.
- GAAP Pretax Income of $80 million, an increase of 53% from a year ago.
- Adjusted Pretax Income of $84 million, an increase of 49% from a year ago.
- GAAP Diluted EPS of $2.21, an increase of 11% from a year ago.
- Adjusted EPS of $1.54, an increase of 47% from a year ago.
- Board authorized a new $800 million Class A common stock repurchase program.
- Repurchased 1.6 million shares and share equivalents for $244 million in Q1 2026.
- Declared a quarterly dividend of $0.25 per share of Class A common stock.