RE/MAX Q2 net income $3.7M; revenue down 4.8% to $78.5M; Adjusted EBITDA up 5.4%

RE/MAX Holdings, Inc.

Net income $3.7M ($0.19 diluted EPS); Adjusted EBITDA $28.1M, +5.4% YoY; Adj. EPS $0.41.
Total revenue $78.5M, down 4.8% YoY; revenue ex-Marketing Funds $58.4M.
Agent count 143,542, -0.7% YoY; U.S. & Canada agent count -4.4% to 78,599.
Q3 outlook: revenue $75-80M, Adj. EBITDA $24.5-27.5M. FY2024 guidance narrowed to $305-315M revenue, $93-98M Adj. EBITDA.
Director Kathleen Cunningham retires Aug 19, 2024; Cathleen Raffaeli appointed to Board effective same date.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Cathleen Raffaeli

Director

RMAX · RE/MAX Holdings, Inc.

Effective: 2024-08-19
Filed: August 8, 2024, 7:59 PM ET

On August 7, 2024, the Board appointed Cathleen Raffaeli to fill the vacancy that will be created by Ms. Cunningham’s retirement.

Departed

Kathleen Cunningham

Director

RMAX · RE/MAX Holdings, Inc.

Effective: 2024-08-19
Successor: Cathleen Raffaeli
Filed: August 8, 2024, 7:59 PM ET

Kathleen Cunningham informed the Company that she would retire from the Company’s Board of Directors (the “Board”), effective August 19, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cathleen Raffaeli was appointed as Director at RE/MAX Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

On August 7, 2024, the Board appointed Cathleen Raffaeli to fill the vacancy that will be created by Ms. Cunningham’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kathleen Cunningham departed as Director at RE/MAX Holdings, Inc..

Action: retire
Role: Director

Exact text from the filing

Kathleen Cunningham informed the Company that she would retire from the Company’s Board of Directors (the “Board”), effective August 19, 2024.

View on SEC.gov

RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-087270

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