PJT Partners Inc.

Please stand by. We're about to begin. Good day, everyone, and welcome to the PJT Partners First Quarter 2022 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Ms. Sharon Pearson, Head of Investor Relations. Please go ahead, ma'am.

Thank you very much, Alan, and good morning, and welcome to the PJT Partners First Quarter 2022 Earnings Conference Call. Joining me today is Paul Taubman, our Chairman and Chief Executive Officer. and Helen Mates, our Chief Financial Officer. Before I turn the call over to Paul, I want to point out that during the course of this conference call, we may make a number of forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, and there are important factors that could cause actual outcomes to differ materially from those indicated in these statements. We believe that these factors are described in the risk factors section contained in PJT Partners 2021 Form 10-K, which is available on our website at pjtpartners.com. I want to remind you that the company assumes no duty to update any forward-looking statements and that the presentation we make today contains non-GAAP financial measures, which we believe are meaningful in evaluating the company's performance. For detailed disclosures on these non-GAAP metrics and their GAAP reconciliations, you should refer to the financial data contained within the press release we issued this morning, which is also available on our website. And with that, I'll turn the call over to Paul.

Thank you, Sharon, and thank you all for joining us this morning. Earlier today, we reported our Q1 financial results. For the quarter, we generated revenues of $246 million. adjusted pre-tax income of $56 million, and adjusted earnings per share of $1. Measured against each of these metrics, we had our strongest first quarter ever with broad-based strength across our businesses. Our PJT Park Hill and restructuring businesses delivered significant year-over-year growth in revenues, with strategic advisory revenues down just slightly compared to strong year-ago levels. As we mentioned on our fourth quarter earnings, we expect the strong momentum we are seeing in our strategic advisory business to increasingly shine through as the year progresses. After Helen reviews our financial results, I will review each of our businesses in greater detail. Helen?