Lazard reports full-year and Q4 2018 results
NEW YORK, February 5, 2019 – Lazard Ltd (NYSE: LAZ) today reported record annual operating revenue1 of $2,755 million for the year ended December 31, 2018. Net income, as adjusted2, was a record $539 million, or $4.16 per share (diluted) for the year. Net income on a U.S. GAAP basis for the year was $527 million, or $4.06 per share (diluted).
For the fourth quarter of 2018, net income, as adjusted2, was $119 million, or $0.94 per share (diluted). On a U.S. GAAP basis, net income for the fourth quarter was $113 million, or $0.89 per share (diluted).
“Our record results for 2018 underscore our continued growth, the strength of our global franchise and the breadth and depth of our business,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We are meeting the evolving needs of clients with highly differentiated advice and solutions. We are investing in our technology infrastructure and data science capabilities to enhance our Asset Management and Financial Advisory businesses.”
For more information, download the full press release.
Lazard, one of the world's preeminent financial advisory and asset management firms, operates in North and South America, Europe, Asia and Australia. Celebrating its 175th year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and liability management, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.
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