Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 47

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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ROLLING INTERESTS5,971 2,144 7,585 6,613 NET INCOME ATTRIBUTABLE TO LAZARD$55,346 $49,909 $115,721 $85,664 ATTRIBUTABLE TO LAZARD COMMON STOCKHOLDERS:WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic97,534,31992,886,36496,394,87192,073,414Diluted104,911,633100,627,867104,870,19399,989,817NET INCOME PER SHARE OF COMMON STOCK:Basic$0.56 $0.53 $1.17 $0.91 Diluted$0.52 $0.49 $1.08 $0.84 

See notes to condensed consolidated financial statements.4

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTH AND SIX MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED)

(dollars in thousands)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024NET INCOME$61,317 $52,053 $123,306 $92,277 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:Currency translation adjustments45,868 (4,572)70,081 (20,834)Employee benefit plans:Actuarial gain (loss) (net of tax expense (benefit) of $(2,736) and $371 for the three months ended June 30, 2025 and 2024, respectively, and $(4,338) and $659 for the six months ended  June 30, 2025 and 2024, respectively) (10,028)789 (15,817)1,604 Adjustment for items reclassified to earnings (net of tax expense of $562 and $455 for the three months ended June 30, 2025 and 2024, respectively, and $1,092 and $910 for the six months ended  June 30, 2025 and 2024, respectively)2,065 1,485 3,641 2,887 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX