PJT Partners, Inc. (NYSE:PJT) Q2 2024 Earnings Call Transcript July 30, 2024 8:30 AM ET
Company Participants
Paul Taubman - Chairman, Chief Executive Officer
Helen Meates - Chief Financial Officer
Sharon Pearson - Head of Investor Relations
Conference Call Participants
Devin Ryan - Citizens JMP
James Yaro - Goldman Sachs
Brennan Hawken - UBS
Brendan O’Brien - Wolf Research
Operator
Good day, and welcome to the PJT Partners Second Quarter 2024 Earnings Call. Today’s conference is being recorded.
At this time, I would like to turn the conference over to Sharon Pearson, Head of Investor Relations. Please go ahead ma’am.
Sharon Pearson
Thanks very much. Good morning and welcome to the PJT Partners second quarter 2024 earnings conference call. I’m Sharon Pearson, Head of Investor Relations at PJT Partners. Joining me today is Paul Taubman, our Chairman and Chief Executive Officer; and Helen Meates, our Chief Financial Officer.
Before, I turn the call over to Paul, I want to point out that during the course of this conference call we may make a number of forward-looking statements. These forward-looking statements are subject to various risks and uncertainties and there are important factors that could cause actual outcomes to differ materially from those indicated in these statements. We believe that these factors are described in the Risk Factors section contained in PJT Partners’ 2023 Form 10-K, which is available on our website at pjtpartners.com.
I want to remind you that the company assumes no duty to update any forward-looking statements and that the presentation we make today contains non-GAAP financial measures, which we believe are meaningful in evaluating the company’s performance. For detailed disclosures on these non-GAAP metrics and their GAAP reconciliations, you should refer to the financial data contained within the press release we issued this morning, also available on our website.
And with that, I’ll turn the call over to Paul.
Paul Taubman
Thank you, Sharon. Good morning. And thank you all for joining today's earnings call. We delivered record performance in the second quarter. Our Q2 revenues were the highest in the firm's history, and helped us to deliver adjusted pre-tax income up 19% year-over-year and adjusted EPS up 20% from year ago levels.
Year-to-date performance also reflected strength across all of our businesses, with record revenues of $690 million, up 26% year-over-year. Adjusted pre-tax income up 41% year-over-year and adjusted EPS up 43% from year ago levels. While we're pleased with our mid-year results, our focus continues to be on investing to build the strongest firm for the long-term.