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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

業績電話會議摘要 | RE/MAX Holdings (RMAX.US) 2024 年第一季度業績發佈會
moomoo AI ·  05/03 21:30  · 電話會議

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

以下是瑞麥控股公司(RMAX)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • 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公佈的第一季度收入爲7,830萬美元,調整後的息稅折舊攤銷前利潤爲1900萬美元,調整後的息稅折舊攤銷前利潤率爲24.3%。調整後的每股收益爲0.20美元。

  • 不包括營銷基金收入在內的收入爲5,810萬美元,與上年相比下降了9.3%,這主要是由於與活動相關的收入減少和美國代理商數量的減少。

  • 該公司預計,與2023年第二季度相比,第二季度的代理商數量將在負1.5%至0%之間變化,收入將在7500萬美元至8000萬美元之間。全年收入估計將在3億美元至3.2億美元之間下降,代理商數量在負0.5%至正1.5%之間。

Business Progress:

業務進展:

  • 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.

  • 根據一項大型美國經紀商調查,RE/MAX的代理商被證明生產力很高,去年在住宅交易中的銷量比競爭對手高出2比1。

  • 在全國房地產經紀人協會提議的行業變革中,RE/MAX已承諾在教育、諮詢、營銷和消費者信息傳遞方面爲其分支機構提供支持。

  • 儘管市場條件艱難,但該公司的抵押貸款行業仍在增長。

  • 4月1日,RE/MAX啓動了擴大團隊計劃,旨在增加六名新的團隊成員。

  • RE/MAX在全新代理商較少(10%,而行業平均水平爲20%)的情況下表現優於該行業,這表明了擁有更多終身和經驗豐富的代理商的趨勢。

  • 隨着Motto Mortgage特許經營權的持續增長,國際代理商的未來獲利機會正成爲目標。

More details: RE/MAX Holdings IR

更多詳情: RE/MAX Holdings IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. 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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