Lazard, Inc. (NYSE:LAZ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET
Company Participants
Alexandra Deignan - Head of IR, Treasury & Corporate Sustainability
Peter Orszag - CEO
Mary Ann Betsch - CFO
Evan Russo - CEO, Asset Management
Conference Call Participants
Brendan O'Brien - Wolfe Research
Brennan Hawken - UBS
Ryan Kenny - Morgan Stanley
James Yaro - Goldman Sachs
Devin Ryan - Citizens JMP
Mike Brown - Wells Fargo Securities
Aidan Hall - KBW
Operator
Good morning and welcome to Lazard's Third Quarter and First Nine Months 2024 Earnings Conference Call. This call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question-and-answer session. Instructions will be provided at that time. [Operator Instructions].
At this time, I will turn the call over to Alexandra Deignan, Lazard's Head of Investor Relations, Treasury and Corporate Sustainability. Please go ahead.
Alexandra Deignan
Thank you, Todd. Good morning, everyone, and welcome to Lazard's earnings call for the third quarter and first nine months of 2024. I'm Alexandra Deignan, Head of Investor Relations, Treasury and Corporate Sustainability.
In addition to today's audio comments, we've posted our earnings release on our website. A replay of this call will also be available on our website later today. Before we begin, let me remind you that we may make forward-looking statements about our business and performance. There are important factors that could cause our actual results, level of activity, performance, achievements, or other events to differ materially from those expressed or implied by the forward-looking statements, including but not limited to those factors discussed in the company's SEC filings, which you can access on our website.
Lazard assumes no responsibility for the accuracy or completeness of these forward-looking statements and assumes no duty to update them. Today's discussion also includes certain non-GAAP financial measures that we believe are meaningful when evaluating a company's performance. A reconciliation of these non-GAAP financial measures to the comparable GAAP measures is provided in our earnings release and investor presentation.
Hosting our call today are, Peter Orszag, Lazard's Chief Executive Officer, and Mary Ann Betsch, Lazard's Chief Financial Officer. After our prepared remarks, Peter and Mary Ann will be joined by Evan Russo, Chief Executive Officer of Asset Management, as they open the call for questions.
I'll now turn the call over to Peter.
Peter Orszag
Thank you, Allie. We are pleased to report another quarter of strong results with total firm-wide adjusted net revenue of $2.1 billion for the first nine months of 2024, up 24% from 2023. These results demonstrate the ongoing execution of our Lazard 2030 strategy and our focus on delivering differentiated advice and investment solutions for clients.