Earnings Call Summary | Perella Weinberg Partners(PWP.US) Q4 2023 Earnings Conference
Earnings Call Summary | Perella Weinberg Partners(PWP.US) Q4 2023 Earnings Conference
The following is a summary of the Perella Weinberg Partners (PWP) Q4 2023 Earnings Call Transcript:
以下是佩雷拉·溫伯格合夥人（PWP）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Perella Weinberg Partners reported full year revenues in 2023 of $649 million, a 3% increase from a year ago, with Q4 revenues at $213 million, up by 16% compared to the same period last year.
The company's revenue growth was seen despite a 30% decrease in global M&A market closing, this was attributed to the company's scale and diversified service offering.
Perella Weinberg had adjusted compensation expenses comprising 70% of revenues in 2023, and non-compensation expenses for 2023 amounted to $144 million, a 17% increase from the previous year.
The company maintains strong liquidity, with cash in short term investments totalling $338 million, and no debt. In 2023, the firm returned $65 million to investors through buybacks, dividends, and distributions.
佩雷拉·溫伯格合夥人報告稱，2023年全年收入爲6.49億美元，比去年同期增長3％，第四季度收入爲2.13億美元，與去年同期相比增長16％。
儘管全球併購市場收盤下降了30％，但該公司的收入仍有所增長，這要歸因於該公司的規模和多元化的服務供應。
佩雷拉·溫伯格調整後的薪酬支出佔2023年收入的70％，2023年的非薪酬支出爲1.44億美元，比上年增長17％。
該公司保持強勁的流動性，短期投資現金總額爲3.38億美元，沒有債務。2023年，該公司通過回購、分紅和分派向投資者返還了6500萬美元。
Business Progress:
業務進展：
All sectors of the company experienced year-on-year growth due to increased fees from large deals.
The company's backlog reached a record high, however, recognition of this backlog into revenue is expected to be slower than historical norms.
Perella Weinberg expanded its financing and capital solutions offerings in response to a complex financing market.
The company added 14 new partners and managing directors in 2023 in order to enhance industry knowledge and coverage.
For 2024, the company plans to recruit more senior bankers with the aim to reach a billion in revenue and achieve scale. The firm also plans on managing expenses while raising revenue and is expected to see a decrease in non-compensation costs as a percentage of revenue.
The company demonstrated a commitment to return excess capital to shareholders while managing share count to combat dilution from stock-based compensation.
由於大宗交易的費用增加，公司的所有部門均實現了同比增長。
該公司的積壓量創下歷史新高，但是，預計將這些積壓的待辦事項轉化爲收入的速度將慢於歷史水平。
Perella Weinberg擴大了其融資和資本解決方案產品範圍，以應對複雜的融資市場。
該公司在2023年增加了14位新的合夥人和董事總經理，以增強行業知識和覆蓋範圍。
到2024年，該公司計劃招募更多的高級銀行家，目標是達到10億美元的收入並實現規模。該公司還計劃在增加收入的同時管理開支，預計非薪酬成本佔收入的百分比將下降。
該公司承諾將多餘的資本返還給股東，同時管理股票數量，以應對股票薪酬的稀釋。
More details: Perella Weinberg Partners IR
更多詳情： 佩雷拉·溫伯格合夥人投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。