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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