Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 48

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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,430 45,052 45,840 70,976 NET INCOME 73,500 116,135 196,806 208,412 LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS2,253 8,197 9,838 14,810 NET INCOME ATTRIBUTABLE TO LAZARD$71,247 $107,938 $186,968 $193,602 ATTRIBUTABLE TO LAZARD COMMON STOCKHOLDERS:WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic98,112,39393,627,47696,967,37992,591,435Diluted108,001,762103,475,234105,914,050101,151,624NET INCOME PER SHARE OF COMMON STOCK:Basic$0.71 $1.13 $1.88 $2.04 Diluted$0.65 $1.02 $1.72 $1.88 

See notes to condensed consolidated financial statements.4

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTH AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024

(UNAUDITED)

(dollars in thousands)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024NET INCOME$73,500 $116,135 $196,806 $208,412 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:Currency translation adjustments (net of tax    expense of $3,200 for the three months and    nine months ended September 30, 2025)(8,838)41,627 61,243 20,793 Employee benefit plans:Actuarial gain (loss) (net of tax expense (benefit) of $628 and $(2,254) for the three months ended September 30, 2025 and 2024, respectively, and $(3,710) and $(1,595) for the nine months ended  September 30, 2025 and 2024, respectively) 2,961 (9,033)(12,856)(7,429)Adjustment for items reclassified to earnings (net of tax expense