secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001690680-23-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmark Q2 revenue down 22% to $585.8M; adjusted EPS $0.18 vs $0.46 YoY
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- Total revenues $585.8M, down 22.4% YoY; GAAP net income per diluted share $0.04 vs $0.26.
- Adjusted EBITDA $72.9M, down 54.3%; Post-tax Adjusted EPS $0.18 vs $0.46 (down 60.9%).
- CEO expects $425M AEBITDA and $300-350M cash from business in 2023 despite headwinds.
- Recent highlights: hired top producers, originated $947M Freddie Mac loan, advised FDIC on $18.5B loan portfolio sale (expected Oct 2023 close), property management sq ft up 15% to 190M.
- Declared quarterly dividend (amount not specified in provided excerpt).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000169068023000028/0001690680-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000169068023000028/nmrk-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001690680-23-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer