lazard ltd-cl a (LAZ) Key Developments
Lazard Ltd. Appoints Alberto Weisser as Senior Advisor
Mar 3 15
Lazard Ltd. announced that Alberto Weisser has been appointed as a Senior Advisor, effective immediately. Mr. Weisser is the former Chairman and Chief Executive Officer of Bunge. He will serve as an advisor to Lazard's Financial Advisory business regarding global agribusiness and related sectors. Mr. Weisser served as Chairman and Chief Executive of Bunge Limited from 1999 to 2013.
New York’s Daily News Hired Lazard To Explore Sale
Feb 26 15
Mort Zuckerman, owner of New York Daily News Company told the employees in a memo, "I want to share with you a new development regarding the company. A few weeks ago, we were approached about our potential interest in selling the Daily News. Although there were no immediate plans to consider a sale, we thought it would be prudent to explore the possibility and talk to potential buyers and/or investors. To help us with the process, I have retained Lazard, a leading financial advisory firm."
Lazard Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 5 15
Lazard Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $649.336 million compared to $631.436 million a year ago. Operating income was $199.593 million compared to $73.154 million a year ago. Net income was $172.805 million compared to $52.796 million a year ago. Net income attributable to the company was $172.384 million or $1.29 per diluted share compared to $53.217 million or $0.40 per diluted share a year ago. Non-GAAP total revenue was $283.757 million compared to $293.173 million a year ago. Adjusted Operating revenue for the period was $645.801 million against $620.485 last year. Non GAAP Earnings from operations was $224.029 million compared to $163.479 million a year ago. Non GAAP net income was $172.361 million or $1.29 per diluted share compared to $109.838 million or $0.67 per diluted share million a year ago.
For the full year, the company reported total revenue of $2,363.017 million compared to $2,064.733 million a year ago. Operating income was $519.465 million compared to $216.807 million a year ago. Net income was $434.063 million compared to $165.114 million a year ago. Net income attributable to the company was $427.277 million or $3.20 per diluted share compared to $160.212 million or $1.21 per diluted share a year ago. Non-GAAP total revenue was $1,119.652 million compared to $1,024.047 million a year ago. Non GAAP Earnings from operations was $597.734 million compared to $428.421 million a year ago. Non GAAP net income was $427.858 million or $3.20 per diluted share compared to $268.615 million or $2.01 per diluted share million a year ago. Adjusted operating revenue was $2,340.216 million compared to $2,034.286 million a year ago.
Lazard Declares Special Dividend and Quarterly Dividend, Payable on February 19, 2015
Feb 4 15
Lazard Ltd. announced that its Board of Directors has voted to declare a special dividend of $1.00 per share as well as a quarterly dividend of $0.30 per share on its outstanding class A common stock. The dividends are payable on February 19, 2015, to stockholders of record on February 13, 2015.
Lazard Ltd. to Report Q4, 2014 Results on Feb 05, 2015
Jan 21 15
Lazard Ltd. announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on Feb 05, 2015