Exhibit 99.1

E V E R C O R E
EVERCORE REPORTS RECORD FULL YEAR 2017 RESULTS;
QUARTERLY DIVIDEND OF $0.40 PER SHARE
 
Fourth Quarter 2017 Results
 
2017 Full Year Results
 
U.S. GAAP
 
Adjusted(1)
 
U.S. GAAP
 
Adjusted(1)
 
 
vs.
Q4 2016
 
 
vs.
Q4 2016
 
 
vs.
2016
 
 
vs.
2016
Net Revenues ($ millions)
$
540.0

21%
 
$
465.5

5%
 
$
1,704.3

18%
 
$
1,625.8

14%
Operating Income ($ millions)
$
184.1

89%
 
$
134.2

6%
 
$
428.8

64%
 
$
426.5

13%
Net Income (Loss) Attributable to Evercore Inc. ($ millions)
$
(19.4
)
(145%)
 
$
78.0

5%
 
$
125.5

17%
 
$
276.4

24%
Diluted Earnings (Loss) Per Share
$
(0.50
)
(151%)
 
$
1.55

8%
 
$
2.80

15%
 
$
5.45

26%
Operating Margin
34.1
%
1,224 bps
 
28.8
%
11 bps
 
25.2
%
702 bps
 
26.2
%
(24) bps
 
 
 
 
 
 
 
 
 
 
 
 
(1) Excluded from the Company’s Adjusted results is the impact of the enactment of the Tax Cuts and Jobs Act that was signed into law on December 22, 2017. See pages 3, 4, 6, 7 and A-3 for further discussion.


 
 
 
Business and Financial
 Highlights

g
Record Net Revenues, Net Income Attributable to Evercore Inc. and Earnings Per Share for full year 2017, on both a U.S. GAAP and an Adjusted basis

g
Record fourth quarter Net Revenues, Net Income Attributable to Evercore Inc. and Earnings Per Share on an Adjusted basis. Record fourth quarter Net Revenues and Operating Income on a U.S. GAAP basis; Fourth quarter Net Income Attributable to Evercore Inc. and Earnings Per Share on a U.S. GAAP basis were negatively impacted by adjustments related to the Tax Cuts and Jobs Act

g
Full year U.S. GAAP and Adjusted Operating Margins sustained above 25%, while investing significantly in talent to position for future growth

g
Advisory Revenues for 2017 increased 21% versus the prior year, on both a U.S. GAAP and an Adjusted basis

g
Advising clients on strategic transactions globally:

g  Advising Qualcomm Incorporated on Broadcom Limited’s $129 billion unsolicited takeover proposal

g  Advising the Board of Directors of Aetna on its $77 billion sale to CVS Health
 
g  Advising Energy Future Holdings on the ~$19 billion sale of Oncor to Sempra Energy
 
g  Advising the Special Committee of Global Logistic Properties Limited on its $16 billion sale to Nesta Investment Holdings Limited
 
 
 
 
 
 
Talent

g
Paul R. Aaron joined the Advisory team in the fourth quarter focused on advising large multinational Industrial clients, completing 2017 with the addition of seven Advisory Senior Managing Directors and Senior Advisors

g
Michael J. Paliotta joined the Equities team as CEO in the fourth quarter, in addition to two Senior Managing Directors in Research in 2017

g
Announced the addition of one Senior Managing Director and promoted six Managing Directors to Senior Managing Director in Advisory in 2018
 
 
 
 
 
 
Strategic
Transaction

g
Closed the sale of the Institutional Trust and Independent Fiduciary business of Evercore Trust Company in October
 
 
 
 
 
 
Capital Return

g
Quarterly dividend of $0.40 per share

g
$361.3 million returned to shareholders during the year through dividends and repurchases, including repurchases of 3.9 million shares/units at an average price of $75.02

 
 
 


The following information was filed by Evercore Inc. (EVR) on Wednesday, January 31, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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