Lazard reports Q2 and first-half 2021 results
NEW YORK, July 30, 2021 – Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $821 million for the quarter ended June 30, 2021. Net income, as adjusted2, was $146 million, or $1.28 per share (diluted) for the quarter. On a U.S. GAAP basis, second-quarter 2021 net income was $123 million, or $1.08 per share (diluted).
First-half 2021 net income, as adjusted, was $247 million, or $2.15 per share (diluted). On a U.S. GAAP basis, first-half 2021 net income was $210 million, or $1.83 per share (diluted).
“Lazard had record second-quarter and first-half operating revenue,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We are benefitting from investments in our people and technology, our global platform and strong macroeconomic trends, leading to unprecedented activity levels in our businesses.”
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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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