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Perella Weinberg Partners Buyback

OLI recorded this information on 2/9/2023

Company: Perella Weinberg Partners
Buyback: PWP buyback
$Amount Authorized: $125,000,000
Buyback Details: Perella Weinberg Partners (the "Firm" or "PWP") (NASDAQ:PWP) today reported financial results for the full year and fourth quarter ended December 31, 2022. The Firm reported revenues of $631.5 million for the year ended December 31, 2022, compared with $801.7 million for the year ended December 31, 2021, a record year for the firm. GAAP net loss and adjusted net income were $(31.7) million and $81.6 million, respectively, for the year ended December 31, 2022, compared with GAAP net income of $4.0 million and adjusted net income of $160.5 million for the year ended December 31, 2021. GAAP diluted net loss per Class A share (also referred to as "GAAP Diluted EPS") and adjusted diluted if-converted net income per Class A share (also referred to as "Adjusted EPS") were $(0.46) and $0.78, respectively, for the year ended December 31, 2022. On February 8, 2023, the Firm's Board of Directors authorized the additional repurchase of shares of PWP's Class A common stock in an amount of up to $100 million incremental to the remaining value of approximately $25 million as of February 8, 2023 from February 2022's authorization. The authorization does not require the purchase of any minimum number of shares.

Perella Weinberg Partners is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

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Company Name:  Perella Weinberg Partners
Stock buyback:  PWP buyback
Website:  www.pwpartners.com
Sector:  Uncategorized
Number of ETFs Holding PWP:  22
Total Market Value Held by ETFs:  $62.72M
Total Market Capitalization:  $700.00M
% of Market Cap. Held by ETFs:  8.96%
 

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April 28, 2024    4:44 PM Eastern
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