Lazard reports Q1 2018 results
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NEW YORK, April 26, 2018 – Lazard Ltd (NYSE: LAZ) today reported record quarterly operating revenue1 of $724 million for the quarter ended March 31, 2018. Net income, as adjusted1 and excluding one-time charges2, was $166 million, or $1.26 (diluted) per share for the quarter.
First-quarter 2018 net income on a U.S. GAAP basis was $160 million, or $1.21 per share (diluted).
“Our record results this quarter reflect high performance across our franchise globally,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “Our clients and our shareholders are benefitting from investments we’ve made in the business, and we continue to pursue opportunities for growth.”
For more information, download the full press release.
About Lazard
Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com.
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