Newmark Q1 2023: revenue down 23.2%, GAAP net loss $10.4M, adjusted EPS $0.15

NEWMARK GROUP, INC.

2023-Q1 EPS reported -$0.06 revenue$520,799,000

Total revenues $520.8M, down 23.2% YoY; GAAP net loss $10.4M vs profit $0.4M.
Adjusted EPS $0.15 vs $0.36 (down 58.3%); Pre-tax Adjusted Earnings $40.8M (down 62.9%).
Board declares $0.03/share quarterly dividend payable May 26 to holders of record May 19.
FDIC awarded Newmark mandate to sell Signature Bank's $60B loan portfolio, largest in U.S. history.
Acquired U.K. real estate advisory firm Gerald Eve; hired top capital markets producers in multiple cities.

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 0.95

NEWMARK GROUP, INC. reported the quarter ended March 31, 2023 results: revenue 520.8, net income (10.4) GAAP net income for fully diluted shares, EPS (0.06) GAAP net income per fully diluted share.

Period: the quarter ended March 31, 2023
Revenue: 520.8
Net income: (10.4) GAAP net income for fully diluted shares
EPS: (0.06) GAAP net income per fully diluted share
Result: reported results

Exact text from the filing

we saw in 2021.” SELECT RESULTS COMPARED WITH THE YEAR-EARLIER PERIOD 2 Highlights of Consolidated Results (USD millions, except per share data) 1Q23 1Q22 Change Total Revenues 520.8 678.2 (23.2)% GAAP income (loss) before income taxes and noncontrolling interests ("GAAP pre-tax income") (19.4) 4.7 NMF GAAP net income for fully diluted shares (10.4) 0.4 NMF

View on SEC.gov

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

NEWMARK GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001690680-23-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.