RE/MAX Hld

RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. It operates through the following segments: Real Estate, Mortgage, Marketing Funds, and Other. The Real Estate segment is comprised of the Company’s owned and independent global franchising operations under the RE/MAX brand name and technology and data subscription for Gadberry and the First app. The Mortgage segment is comprised of the firm's mortgage brokerage franchising operations under the Motto Mortgage brand name and mortgage loan processing services and licensed software under the wemlo brand. The Marketing Funds segment is involved in the operations of the marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology. The Other segment focuses on the legacy operations of the booj Platform. The company was founded by David L. Liniger and Gail A. Liniger in 1973 and is headquartered in Denver, CO.

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RE/MAX reports resilient Q4 performance, eyes growth through tech

RE/MAX Holdings reported a decline in Q4 revenue but showcased strong financial performance with a focus on agent growth and technology enhancements.
The company's commitment to shareholder value, brand legacy, and operational efficiency positions it well for future growth and market resilience.
Challenges in revenue stabilization and operational efficiency require attention, while opportunities in agent expansion and innovative programs offer avenues for growth.
Overall, RE/MAX Holdings' strategic initiatives and financial performance reflect a balanced approach to navigating market dynamics and driving long-term success.

RE/MAX reports Q1 earnings, navigates challenges, eyes growth opportunities

RE/MAX Holdings' Q1 2023 earnings call highlighted solid financial performance, operational strengths, market challenges, and growth opportunities. The company is focused on long-term strategic objectives, including investments for profitable growth. Key areas of focus include agent count growth, franchise sales momentum, and technology-driven initiatives.

RE/MAX reports mixed Q2 results, focuses on global growth opportunities

RE/MAX Holdings' Q2 2023 performance showcased mixed results with notable strengths in agent count growth, mortgage business success, and strategic initiatives. The company faces challenges in revenue decline and U.S. agent count losses but has opportunities to leverage its strengths for future growth.
By focusing on expense management, tightening guidance ranges, and addressing key concerns raised by analysts, RE/MAX aims to navigate challenges effectively and capitalize on growth opportunities in its core business segments.

RE/MAX Hld reports Q3 earnings, eyes dividend reinstatement post-settlement

RE/MAX Hld focuses on long-term growth amid industry challenges. Agents reevaluate career decisions based on market conditions. CEO search nears completion, with international market comparisons discussed.

RE/MAX Hld reports Q4 revenue of $76.6M, focuses on agent growth and mortgage expansion

RE/MAX Hld (RMAX) aims to stabilize and grow its U.S. agent count, expand the mortgage business, and drive strategic growth initiatives. Despite challenges like agent departures and market headwinds, the company is optimistic about improving performance in 2024. Opportunities for revenue growth and efficiency enhancements are being pursued through innovative technology and operational changes.

RE/MAX reports solid Q1 earnings, eyes growth amidst industry changes

RE/MAX Holdings delivered strong financial results and agent performance in Q1 2024, showcasing resilience amidst industry challenges and emphasizing growth opportunities.
Management's focus on agent support, adaptability, and financial performance underscores a strategic approach to navigating market dynamics and driving sustainable growth.
Despite challenges like the NAR settlement and macroeconomic conditions, RE/MAX remains optimistic about growth prospects and franchise expansion, aiming for continued success.

RE/MAX reports strong Q2 performance, eyes international growth opportunities

RE/MAX Holdings demonstrated resilience and adaptability in Q2 2024, leveraging strategic initiatives to drive growth and improve financial performance.
While facing challenges in certain market segments, the company's focus on innovation, agent support, and cost management positions it well for future opportunities.
By prioritizing cash reserves, reducing leverage, and exploring new markets, RE/MAX is poised to capitalize on emerging trends and solidify its market position.

RE/MAX Hld posts strong Q3 earnings, eyes growth opportunities

RE/MAX Holdings reported robust financial performance in Q3 2024, with revenue exceeding expectations and notable improvements in EBITDA margin. Despite challenges in the mortgage business, the company remains optimistic about the future and is focused on enhancing customer experience. Strong franchise sales and market share gains in Canada and internationally highlight growth potential for RE/MAX.

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RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. It operates through the following segments: Real Estate, Mortgage and Marketing Funds. The Real Estate segment consists of the company’s owned and independent global franchising operations under the RE/MAX brand name and technology and data subscription for Gadberry and the First app. The Mortgage segment consists of the firm's mortgage brokerage franchising operations under the Motto Mortgage brand name and mortgage loan processing services and licensed software under the wemlo brand. The Marketing Funds segment is involved in marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology. The company was founded by David L. Liniger and Gail A. Liniger in 1973 and is headquartered in Denver, CO.

The settlement, if granted final approval, will resolve the claims asserted against RE/MAX, LLC and release RE/MAX affiliates on a nationwide basis. DENVER , Nov. 20, 2023 /PRNewswire/ -- RE/MAX®, the #1 name in real estate*, today announced the Missouri court granted preliminary approval of its settlement in the class action lawsuits known as Burnett, Moehrl and Nosalek, and any similar claims on a nationwide basis.

RE/MAX, LLC SETTLEMENT GRANTED PRELIMINARY APPROVAL IN ANTITRUST CLASS ACTION LAWSUITS

Inventory Grows While Declines in Sales, New Listings Soften DENVER , Nov. 16, 2023 /PRNewswire/ -- Seasonal declines in home sales and new listings softened in October while inventory grew for a seventh consecutive month across the 53 metro areas surveyed. Home sales dropped 4.6% from September to October, far less than the 13.5% month-over-month drop in October 2022.

RE/MAX National Housing Report for October 2023

Over 200 New Sales Recorded, Nearly 250 Offices Renewed Worldwide  DENVER , Nov. 14, 2023 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, saw a substantial increase in U.S. franchise sales for third quarter 2023. The 45 closed sales between July 1 and Sept.

U.S. RE/MAX Franchise Sales Climb 21% in Q3

DENVER , Nov. 13, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first national mortgage brokerage franchise brand in the U.S., today announced that following a comprehensive search, the Company's Board of Directors has appointed Erik Carlson as Chief Executive Officer and a member of the RE/MAX Holdings Board of Directors, effective today. Mr. Carlson was most recently President and CEO of DISH Network Corporation ("DISH"), a Fortune 200 connectivity company, where he ran DISH's two largest businesses, DISH TV and SLING TV.

RE/MAX HOLDINGS, INC. NAMES ERIK CARLSON CEO AND BOARD MEMBER

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DENVER , Nov. 7, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that Chief Financial Officer Karri Callahan and President and Chief Executive Officer of Motto Franchising, LLC and wemlo® Ward Morrison are scheduled to participate in the Stephens Annual Investment Conference on Wednesday, November 15, 2023, at 1:00 p.m. CST. A link to the live webcast of the Fireside Chat, as well as the replay, will be available at https://investors.remaxholdings.com.

RE/MAX HOLDINGS, INC. TO PARTICIPATE IN STEPHENS ANNUAL INVESTMENT CONFERENCE | NASH2023

RE/MAX Holdings, Inc. (RMAX) Q3 2023 Earnings Call November 3, 2023 8:30 AM ET Company Participants Andy Schulz - Senior Vice President of Investor Relations Stephen Joyce - Chief Executive Officer and Director Nick Bailey - President and Chief Executive Officer of RE/MAX, LLC Karri Callahan - Chief Financial Officer Ward Morrison - President and Chief Executive Officer of Motto Mortgage and Wemlo Conference Call Participants Soham Bhonsle - BTIG Anthony Paolone - JP Morgan Ryan McKeveny - Zelman and Associates Stephen Sheldon - William Blair Matthew Erdner - JonesTrading Ronald Kamdem - Morgan Stanley Thomas McJoynt-Griffith - KBW Operator Good morning, and welcome to the RE/MAX Holdings' Third Quarter 2023 Earnings Conference Call and Webcast. My name is Krista, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q3 2023 Earnings Call Transcript

The headline numbers for RE/MAX (RMAX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RE/MAX (RMAX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Total Revenue of $81.2 Million, Adjusted EBITDA of $26.7 Million DENVER , Nov. 2, 2023  /PRNewswire/ -- Third Quarter 2023 Highlights (Compared to third quarter 2022 unless otherwise noted) Total Revenue decreased 8.7% to $81.2 million Revenue excluding the Marketing Funds1 decreased 8.8% to $60.4 million, driven by negative 8.2% organic growth2 and adverse foreign currency movements of 0.6% Net loss attributable to RE/MAX Holdings, Inc. of $59.5 million and loss per diluted share (GAAP EPS) of $3.28 Adjusted EBITDA3 decreased 15.0% to $26.7 million, Adjusted EBITDA margin3 of 32.9% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.40 Total agent count increased 0.7% to 145,309 agents U.S. and Canada combined agent count decreased 3.9% to 81,782 agents Total open Motto Mortgage franchises increased 14.7% to 242 offices4 Operating Statistics as of October 31, 2023 (Compared to October 31, 2022 unless otherwise noted) Total agent count increased 0.9% to 145,348 agents U.S. and Canada combined agent count decreased 4.1% to 81,432 agents Total open Motto Mortgage franchises increased 10.1% to 239 offices4 RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage ("Motto"), the first-and-only national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter ended September 30, 2023.  "We continue to make progress driving forward our core strategic initiatives amid the toughest real estate market in a decade," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS THIRD QUARTER 2023 RESULTS

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RE/MAX (RMAX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: RE/MAX (RMAX) Q3 Earnings Expected to Decline

RE/MAX Holdings Inc. has underperformed the S&P 500, with its stock falling 44% compared to a 12% rise in the S&P. The recent drop in RE/MAX's stock has caused a surge in its dividend yield, which now sits at 8.68%.

Navigating Real Estate's Uncharted Terrain: A Closer Look At RE/MAX

Inventory Grows for Sixth Straight Month While Sales Decline DENVER , Oct. 17, 2023 /PRNewswire/ -- The number of homes on the market grew month over month for a sixth consecutive month in September as sales declined 13.8% from August and 17.0% from a year ago. The 9.3% increase in inventory was the largest month-over-month increase in 14 months.

RE/MAX National Housing Report for September 2023

Franchisor – #13 Overall – Tops Its Industry for 15th Straight Year DENVER , Oct. 12, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate1, has once again secured the top spot for real estate franchises in the Franchise Times Top 400 list. This achievement marks the 15th consecutive year RE/MAX has been recognized as the top real estate franchise in the comprehensive list.

RE/MAX Ranked #1 Real Estate Franchise in Franchise Times Top 400 Survey

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DENVER , Oct. 11, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended September 30, 2023, after market close on Thursday, November 2, 2023, and will host a conference call and webcast for interested parties on Friday, November 3, 2023, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE THIRD QUARTER 2023 RESULTS ON NOVEMBER 2, 2023

Conversions and new offices – representing nearly 350 more affiliates – advance the brand's presence in communities served by top-producing agents and teams  DENVER , Oct. 10, 2023 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, celebrates the addition of 15 RE/MAX offices in its U.S. company-owned regions over the past two months welcoming nearly 350 agents to the brand. The expansion demonstrates how attractive the RE/MAX value proposition is to real estate entrepreneurs across the country.

15 New RE/MAX Brokerages Open During Last Months of Summer Season

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Home Sales and New Listings Both Increase as Summer Winds Down DENVER , Sept. 19, 2023 /PRNewswire/ -- New listings rose 1.8% sequentially in August, bucking the typical July-to-August seasonal trend of decline.

RE/MAX National Housing Report for August 2023

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Despite reduced credit availability, more expensive debt and a cautious stance, the Zacks Real Estate Operations industry players like BEKE and RMAX are in focus as the outsourcing of real estate needs, tech investments and other trends gain pace.

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RE/MAX and CCIM Institute align to offer new premium education and resources to RE/MAX real estate professionals DENVER , Aug. 23, 2023 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, announces a groundbreaking relationship with the CCIM Institute, the premier provider of commercial real estate education. This collaboration, unveiled during the 2023 RE/MAX Broker Owner Conference, opens up new possibilities for growth and success for commercial brokers and residential agents interested in expanding their expertise.

RE/MAX and CCIM Institute Forge New Relationship to Empower Real Estate Professionals

Re/Max Holdings will reduce its workforce by 7%, trimming its headcount further after a previous round of job cuts.

Re/Max Holdings to reduce workforce by 7% in latest round of job cuts

July Sales Down but Inventory is Up, Sellers Get Their Asking Price DENVER , Aug. 17, 2023 /PRNewswire/ -- July marked the first month-over-month decline in home sales since April, signaling that perhaps the peak of summer buying is beginning to taper. Growth in the inventory of homes for sale inched up alongside modest increases in interest rates despite strong consumer demand.

RE/MAX National Housing Report for July 2023

News for RE/MAX Hld Stock (RMAX)