earnings
confidence high
sentiment negative
materiality 0.75
JLL Q3 2022 EPS $2.88 vs $4.57; revenue up 10% in local currency; capex outlook soft
JONES LANG LASALLE INC
2022-Q3 EPS reported
$9.65
revenue$15,257,300,000
- Diluted EPS $2.88 ($3.40 adjusted) vs $4.57 prior year; net income down 41%.
- Revenue $5.2B (+10% LC); fee revenue $2.0B (+4% LC).
- Work Dynamics fee revenue +14%; Capital Markets fee revenue -5% due to industry slowdown.
- Increased borrowing capacity of Credit Facility to $3.35B; redeemed $275M Senior Notes.
- Free cash flow Q3 $88.4M vs $414.6M prior year; YTD negative $537.9M.