Newmark Q4 revenues drop 38%; adjusted EPS $0.32 vs $0.65; declares dividend

NEWMARK GROUP, INC.

2022-FY EPS reported $0.45 revenue$2,705,527,000

Q4 total revenues $607.3M, down 38.3% YoY; full-year revenues $2.7B, down 6.9%.
GAAP net income per diluted share $0.05 (down 93.2%); adjusted EPS $0.32 (down 50.8%).
Declared quarterly dividend and issued initial 2023 outlook (filed portion of release).
Hired top capital markets team led by Douglas Harmon and Adam Spies.
Repurchased 1.7M shares in Q4 and 24.9M in full year; net leverage 0.6X.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEWMARK GROUP, INC. reported the quarter ended December 31, 2022 results: revenue $607.3, net income 9.4, EPS $0.05. Guidance initiated.

Period: the quarter ended December 31, 2022
Revenue: $607.3
Net income: 9.4
EPS: $0.05
Guidance: initiated
Result: reported results

Exact text from the filing

SELECT RESULTS COMPARED WITH THE YEAR-EARLIER PERIOD 2 Highlights of Consolidated Results (USD millions, except per share data) 4Q22 4Q21 Change 2022 2021 Change Total Revenues $607.3 $984.5 (38.3)% $2,705.5 $2,906.4 (6.9)% GAAP income before income taxes and noncontrolling interests ("GAAP pre-tax income") 21.1 221.5 (90.5)% 157.2 1,221.1 (87.1)% GAAP pre-tax income excluding other income and the 2021 Equity Event 17.4 176.3 (90.2)% 254.9 433.2 (41.1)% GAAP net income for fully diluted shares 9.4 189.2 (95.1)% 112.9 744.5 (84.8)% GAAP net income per fully diluted share $0.05 $0.74 (93.2)% $0.46 $3.80 (87.9)%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEWMARK GROUP, INC. reported the year ended December 31, 2022 results: revenue $2,705.5, net income 112.9, EPS $0.46. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $2,705.5
Net income: 112.9
EPS: $0.46
Guidance: initiated
Result: reported results

Exact text from the filing

SELECT RESULTS COMPARED WITH THE YEAR-EARLIER PERIOD 2 Highlights of Consolidated Results (USD millions, except per share data) 4Q22 4Q21 Change 2022 2021 Change Total Revenues $607.3 $984.5 (38.3)% $2,705.5 $2,906.4 (6.9)% GAAP income before income taxes and noncontrolling interests ("GAAP pre-tax income") 21.1 221.5 (90.5)% 157.2 1,221.1 (87.1)% GAAP pre-tax income excluding other income and the 2021 Equity Event 17.4 176.3 (90.2)% 254.9 433.2 (41.1)% GAAP net income for fully diluted shares 9.4 189.2 (95.1)% 112.9 744.5 (84.8)% GAAP net income per fully diluted share $0.05 $0.74 (93.2)% $0.46 $3.80 (87.9)%

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5 earnings releases filed in the last 30 days. Browse all earnings releases →

NEWMARK GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001690680-23-000004

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