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