JLL Q3 2023: Fee revenue down 13% YoY; adj EPS $2.01 vs $3.40

JONES LANG LASALLE INC

2023-Q3 EPS reported $1.10 revenue$14,879,400,000

Revenue $5.1B (-2% LC); fee revenue $1.8B (-13% LC); operating income $119.1M.
Diluted EPS $1.23 (down 57%); adjusted diluted EPS $2.01 (down 41% YoY).
Capital Markets hurt by rising rates; Leasing declined; Property Management double-digit growth; Work Dynamics grew across all service lines.
Free cash flow improved to $276.2M from $88.4M in prior-year quarter.
CEO cites cost mitigation actions and resilient business lines as positioning for margin expansion.

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 0.9

JONES LANG LASALLE INC reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023 , Jones Lang LaSalle Incorporated issued a news release announcing its financial results for the third quarter ended September 30, 2023. The full text of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 2.02 by reference.

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Source: SEC EDGAR

accession 0001037976-23-000043

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