earnings
confidence high
sentiment neutral
materiality 0.75
Douglas Elliman Q3 revenue up 6% to $266.3M; net loss widens to $27.2M on $20.2M derivative charge
Douglas Elliman Inc.
2024-Q3 EPS reported
-$0.84
revenue$752,306,000
- Revenue $266.3M vs $251.5M in Q3 2023; operating loss improved to $7.4M from $8.8M.
- Net loss attributable $27.2M ($0.33/diluted share) vs $4.9M ($0.06) a year ago, includes $20.2M non-cash derivative fair value charge.
- Nine-month revenue $752.3M vs $741.4M; net loss $70.3M ($0.84) vs $27.7M ($0.34), includes $17.75M litigation settlement charge.
- Company created a strategic M&A and business development unit to pursue ancillary acquisitions (title, escrow, property management).
- In discussions to expand property management into Florida; all investments being reviewed for ROI targets.