earnings
confidence high
sentiment negative
materiality 0.85
RE/MAX Q2 revenue $92.2M (+19.3%), cuts FY2022 Adj EBITDA guidance to $123-128M
RE/MAX Holdings, Inc.
- GAAP diluted EPS $0.30 vs $0.28 prior year; Adjusted diluted EPS $0.68 vs $0.64.
- Agent count 143,939 (+2.7% YoY); U.S./Canada agent count +0.2% YoY.
- Motto Mortgage franchises open 200 (+22% YoY) as of June 30, 205 as of July 31.
- Dividend $0.23/share payable Aug 30, record Aug 16; $11.9M repurchases in H1 2022.
- FY2022 guidance reduced: revenue $354-364M (from $366-376M), Adj EBITDA $123-128M (from $130-135M).