earnings
confidence high
sentiment neutral
materiality 0.55
JLL Q4 EPS $3.57 ($4.23 adj); fee revenue down 2% YoY in local currency
JONES LANG LASALLE INC
2023-FY EPS reported
$4.67
revenue$20,760,800,000
- Q4 revenue $5.9B (+4% LC); fee revenue $2.2B (-2% LC). Full-year revenue $20.8B (flat LC).
- Q4 diluted EPS $3.57; adj diluted EPS $4.23. Full-year diluted EPS $4.67; adj $7.40.
- Work Dynamics resilient revenue grew across all service lines; Capital Markets faced lowest Q4 volumes since 2011.
- Q4 operating income $290.4M (up from $254.7M); full-year $576.5M (down from $868.1M).
- Free cash flow $680.2M in Q4; $388.9M for full year vs. negative $5.9M in 2022.