Newmark Q4 revenue up 23% to $747M, adj. EPS $0.46; full year down 9%

NEWMARK GROUP, INC.

2023-FY EPS reported $0.24 revenue$2,470,368,000

Q4 total revenues $747.4M, up 23% YoY; GAAP net income per diluted share $0.21 vs $0.04.
Adjusted EPS $0.46 vs $0.32; adjusted EBITDA $166.2M vs $102.2M, up 63%.
Full year 2023 revenues $2.47B, down 9%; adjusted EPS $1.05 vs $1.49, down 30%.
Leasing grew 20% YoY in Q4; capital markets gained share; advised on $50B+ Signature portfolio sale.
On Jan 12, 2024, closed $600M senior notes offering at 7.500% due Jan 2029.

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, Newmark Group, Inc. (the “Registrant,” “we,” “us,” “Newmark,” or the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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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 0001690680-24-000002

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