JLL Q2 adjusted EPS $0.50, revenue $5.1B; net income falls 99% to $2.5M

JONES LANG LASALLE INC

2023-Q2 EPS reported -$0.14 revenue$9,768,000,000

GAAP diluted EPS $0.05 (incl. $1.69 equity loss); prior-year $3.90 (incl. $0.89 equity gain).
Fee revenue $1.8B, down 13% in local currency; total revenue $5.1B, down 4%.
Adjusted EBITDA $116.1M, down 68% YoY; free cash flow improved to $198.1M (up 45%).
Cost reduction actions raised annual run-rate savings to $210M; offsetting investment in brokerage.
CEO cites recovery signs as credit spreads narrow and asset prices adjust.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JONES LANG LASALLE INC reported the second quarter ended June 30, 2023 results: revenue $5,052.5, net income $2.5, EPS $0.05.

Period: the second quarter ended June 30, 2023
Revenue: $5,052.5
Net income: $2.5
EPS: $0.05
Result: reported results

Exact text from the filing

data, “LC” = local currency) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Change in USD % Change in LC 2023 2022 % Change in USD % Change in LC Revenue $ 5,052.5 $ 5,278.4 (4) % (4) % $ 9,768.0 $ 10,079.8 (3) % (2) % Fee revenue 1 1,847.3 2,138.8 (14) (13) 3,431.3 4,039.3 (15) (14) Net income (loss) attributable to common shareholders $

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Source: SEC EDGAR

accession 0001037976-23-000028

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