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Earnings Call Summary | RE/MAX Holdings(RMAX.US) Q1 2024 Earnings Conference

Earnings Call Summary | RE/MAX Holdings(RMAX.US) Q1 2024 Earnings Conference

财报电话会议摘要 | RE/MAX Holdings (RMAX.US) 2024 年第一季度业绩发布会
富途资讯 ·  05/04 09:30  · 电话会议

The following is a summary of the RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Call Transcript:

以下是瑞麦控股公司(RMAX)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • RE/MAX reported Q1 revenue of $78.3 million, with an adjusted EBITDA of $19 million and an adjusted EBITDA margin of 24.3%. The adjusted EPS was $0.20.

  • Revenue, excluding marketing funds revenue, was $58.1 million, showing a 9.3% decrease compared to the previous year, specifically due to a reduction in events-related revenue and lower U.S. agent count.

  • The company expects Q2 agent count to change between negative 1.5% to 0% over Q2 2023 and revenue to range within $75 to $80 million. Full-year revenue is estimated to fall between $300 to $320 million with agent count ranging between negative 0.5% to positive 1.5%.

  • RE/MAX公布的第一季度收入为7,830万美元,调整后的息税折旧摊销前利润为1900万美元,调整后的息税折旧摊销前利润率为24.3%。调整后的每股收益为0.20美元。

  • 不包括营销基金收入在内的收入为5,810万美元,与上年相比下降了9.3%,这主要是由于与活动相关的收入减少和美国代理商数量的减少。

  • 该公司预计,与2023年第二季度相比,第二季度的代理商数量将在负1.5%至0%之间变化,收入将在7500万美元至8000万美元之间。全年收入估计将在3亿美元至3.2亿美元之间下降,代理商数量在负0.5%至正1.5%之间。

Business Progress:

业务进展:

  • RE/MAX's agents were proven highly productive, outselling competitors 2-to-1 in residential transactions last year according to a large U.S. brokerages survey.

  • Amidst industry changes proposed by the National Association of REALTORS, RE/MAX has promised support for its affiliates in education, consultation, marketing, and consumer messaging.

  • The company is seeing growth in the mortgage industry despite challenging market conditions.

  • On April 1, RE/MAX launched the expanded teams initiative, aiming to add six new team members.

  • RE/MAX outperforms the industry with less brand-new agents (10% versus an industry average of 20%), demonstrating a trend of having more tenured and experienced agents.

  • Future monetization opportunities with international agents are being targeted, along with the continuous growth of the Motto Mortgage franchise.

  • 根据一项大型美国经纪商调查,RE/MAX的代理商被证明生产力很高,去年在住宅交易中的销量比竞争对手高出2比1。

  • 在全国房地产经纪人协会提议的行业变革中,RE/MAX已承诺在教育、咨询、营销和消费者信息传递方面为其分支机构提供支持。

  • 尽管市场条件艰难,但该公司的抵押贷款行业仍在增长。

  • 4月1日,RE/MAX启动了扩大团队计划,旨在增加六名新的团队成员。

  • RE/MAX在全新代理商较少(10%,而行业平均水平为20%)的情况下表现优于该行业,这表明了拥有更多终身和经验丰富的代理商的趋势。

  • 随着Motto Mortgage特许经营权的持续增长,国际代理商的未来获利机会正成为目标。

More details: RE/MAX Holdings IR

更多详情: RE/MAX Holdings IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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