Anywhere Real Estate Q1 revenue flat at $1.1B; net loss narrows to $101M

Anywhere Real Estate Group LLC

Net loss of $101M ($0.91 per share) vs $138M loss in Q1 2023; adjusted net loss of $88M.
Operating EBITDA loss improved to $(17)M from $(52)M YoY, a $35M gain; March operating EBITDA solidly positive.
Combined closed transaction volume up 2% YoY; units down ~4% but average price up 7%.
Realized $30M cost savings in Q1; on track for at least $100M full-year 2024 savings.
Cash $111M; net corporate debt $2.6B; expects to pay $73.5M class action and $39M California tax in 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Anywhere Real Estate Group LLC reported quarter ended March 31, 2024 results: revenue $1,126 million, net income $101 million net loss, EPS ($0.91). Guidance initiated.

Period: quarter ended March 31, 2024
Revenue: $1,126 million
Net income: $101 million net loss
EPS: ($0.91)
Guidance: initiated
Result: reported results

Exact text from the filing

The following table sets forth the Company’s financial highlights for the periods presented (in millions, except per share data) (unaudited): Three Months Ended March 31, 2024 2023 Change % Change Revenue $ 1,126 $ 1,131 $ (5) — % Operating EBITDA 1 (17) (52) 35 67 Net loss attributable to Anywhere (101) (138) 37 27 Adjusted net loss 2 (88) (106) 18 17 Loss per share (0.91) (1.26) 0.35 28 Free Cash Flow 3 (145) (120) (25) (21) Net cash used in operating activities $ (122) $ (113) $ (9) (8) %

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Source: SEC EDGAR

accession 0001398987-24-000088

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