JLL reports Q1 net loss of $9.2M; adjusted EPS $0.65 vs $3.47 prior year

JONES LANG LASALLE INC

2023-Q1 EPS reported -$0.19 revenue$4,715,500,000

Revenue $4.7B (+1% LC); fee revenue $1.6B (-15% LC); diluted loss per share ($0.19), adjusted EPS $0.65.
Capital Markets and Leasing activity declined vs robust prior year; Work Dynamics double-digit growth.
Adjusted EBITDA $109M vs $273.6M prior year (-60% USD); net loss attributable to common shareholders $9.2M vs income $145.6M.
Run-rate fixed expense growth partially offset by cost reduction actions; CEO cites market-wide transaction slowdown.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JONES LANG LASALLE INC reported the first quarter ended March 31, 2023 results: revenue $4,715.5 million, net income $(9.2) million, EPS $(0.19) per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $4,715.5 million
Net income: $(9.2) million
EPS: $(0.19) per diluted share
Result: reported results

Exact text from the filing

today reported operating performance for first-quarter 2023 with diluted loss per share of $0.19 and adjusted diluted earnings per share 1 of $0.65. • First-quarter revenue was $4.7 billion, up 1% in local currency, and fee revenue 1 was $1.6 billion, down 15% in local currency ◦ Market-wide transaction slowdown continued to impact Capital Markets activity, which

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Source: SEC EDGAR

accession 0001037976-23-000013

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