Lazard Inc (N:LAZ)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 30 Rockefeller Plaza
NEW YORK NY 10112
Tel: N/A
Website: https://www.lazard.com
IR: See website
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Key People
Kenneth M. Jacobs
Executive Chairman of the Board
Bennett Monson
Managing Director
Peter Richard Orszag
Chief Executive Officer
Mary Ann Betsch
Chief Financial Officer
Jean-Louis Girodolle
Chief Executive Officer of Lazard Investment Banking
Peter R. Orszag
Chief Executive Officer of Financial Advisory
Evan L. Russo
Chief Executive Officer - Lazard Asset Management
Alexandra Soto
Chief Operating Officer
Michael Gathy
Chief Accounting Officer
Scott D. Hoffman
Chief Administrative Officer, General Counsel, Secretary
   
Business Overview
Lazard, Inc. is a financial advisory and asset management company. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe an array of financial advisory services regarding strategic and mergers and acquisitions (M&A) advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, geopolitical advisory, and other strategic advisory matters and capital raising and placement. The Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. The Company operates in North and South America, Europe, Asia and Australia.
Financial Overview
For the fiscal year ended 31 December 2023, Lazard Inc revenues decreased 9% to $2.61B. Net loss applicable to common stockholders totaled $79.9M vs. income of $351.8M. Revenues reflect Financial Advisory segment decrease of 17% to $1.39B, Asset Management segment decrease of 4% to $1.15B, Americas (Region) segment decrease of 20% to $1.19B. Net loss reflects Financial Advisory segment loss totaling $104.5M vs. income of $361.4M.
Employees: 3,291 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,701M as of Dec 31, 2023
Annual revenue (TTM): $2,611M as of Dec 31, 2023
EBITDA (TTM): $193.07M as of Dec 31, 2023
Net annual income (TTM): -$79.92M as of Dec 31, 2023
Free cash flow (TTM): -$36.71M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,035M as of Dec 31, 2023
Shares outstanding: 112,766,091 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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