RE/MAX Q2 revenue down 10.6% to $82.4M; adjusted EBITDA falls 24.2%

RE/MAX Holdings, Inc.

Net income $2.0M ($0.11 GAAP EPS) vs $5.8M ($0.30) a year ago; adjusted EPS $0.40 vs $0.68.
U.S. agent count fell 6.3% YoY; total agent count up 0.4% to 144,510; Motto franchise offices up 17.5%.
Adjusted EBITDA $26.6M (32.3% margin) vs $35.1M (38.1% margin) in Q2 2022.
Quarterly dividend of $0.23/sh declared, payable Aug 29; $62.5M remains on share buyback program.
Full-year 2023 revenue guidance tightened to $320-$332M; adjusted EBITDA guided $92-$98M (down from $95-$105M).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RE/MAX Holdings, Inc. reported quarter ended June 30, 2023 results: revenue $82.4 million, net income $2.0 million, EPS $0.11.

Period: quarter ended June 30, 2023
Revenue: $82.4 million
Net income: $2.0 million
EPS: $0.11
Result: reported results

Exact text from the filing

herewith as Exhibit 99.1 and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- RE/MAX HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS Total Revenue of $82.4 Million, Adjusted EBITDA of $26.6 Million DENVER, Aug. 2, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights (Compared to second quarter 2022 unless otherwise noted) Total Revenue

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RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-037190

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