secwatch.observer — SEC 8-K summary
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Issuer:     RE/MAX Holdings, Inc. (RMAX)
CIK:        0001581091
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037190
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581091/000095017023037190/0000950170-23-037190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581091/000095017023037190/rmax-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer