RE/MAX Q3 rev $88.9M (-2.3%), Adj EBITDA $31.5M (-9.5%), cuts FY22 guidance; CEO term extended

RE/MAX Holdings, Inc.

Q3 revenue $88.9M (-2.3% YoY); revenue ex-Marketing Funds $66.2M (-2.2%); agent count up 2.4% to 144,300.
GAAP net income $0.1M ($0.01 diluted EPS); adjusted EPS $0.56 vs $0.71 a year ago.
FY22 guidance cut: revenue $352-357M (from $354-364M), Adj EBITDA $118-122M (from $123-128M).
CEO Stephen Joyce's interim agreement extended to Aug 31, 2023; severance protection through May 31, 2023 if terminated after permanent CEO hired.
Quarterly dividend $0.23/share declared, payable Nov 30; $76.2M remaining under $100M share repurchase program.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RE/MAX Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $88.9 million, net income $0.1 million, EPS $0.01.

Period: the quarter ended September 30, 2022
Revenue: $88.9 million
Net income: $0.1 million
EPS: $0.01
Result: reported results

Exact text from the filing

herewith as Exhibit 99.1 and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- RE/MAX HOLDINGS, INC. REPORTS THIRD QUARTER 2022 RESULTS Total Revenue of $88.9 Million, Adjusted EBITDA of $31.5 Million, Share Buyback Accelerated DENVER, Nov. 3, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights (Compared to third quarter 2021 unless otherwise

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RE/MAX Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-036616

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