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.

Real Estate Leader Logged More than 200 New Sales and Renewed 230+ Franchises DENVER , Aug. 15, 2023 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, today announced its franchise sales totals for second quarter 2023. Networkwide sales reached 231 between April and June, an increase of 12% from the first quarter.

RE/MAX Franchise Sales Accelerate in Q2 with Conversions, Team Brokerages

Annual Event Builds on the RE/MAX Value Proposition and Growing Business for Broker/Owners and Agents in Today's Market DENVER , Aug. 10, 2023 /PRNewswire/ -- Hundreds of RE/MAX® Broker/Owners, Managers and guests from around the world convened in Chicago, IL, from Aug. 6-8 for the eagerly anticipated annual Broker Owner Conference (BOC), hosted by RE/MAX, LLC. This three-day event included world-class networking opportunities, industry luminaries and notable celebrities.

Culture and Growth on Center Stage at RE/MAX 2023 Broker Owner Conference

RE/MAX Holdings, Inc. (RMAX) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Andy Schulz - Senior Vice President of Investor Relations Stephen Joyce - Chief Executive Officer Karri Callahan - Chief Financial Officer Ward Morrison - President and Chief Executive Officer, Motto Mortgage and Wemlo Nick Bailey - President and Chief Executive Officer, RE/MAX, LLC Conference Call Participants Ryan McKeveny - Zelman & Associates John Campbell - Stephens Ronald Kamdem - Morgan Stanley Operator good morning, and welcome to the RE/MAX Holdings Second Quarter 2023 Earnings Conference Call and Webcast. My name is Chris, and I'll be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q2 2023 Earnings Call Transcript

The addition of new vendors solidifies RE/MAX Marketplace as the ultimate hub for premium real estate business services. DENVER , Aug. 4, 2023 /PRNewswire/ -- Today, RE/MAX, LLC one of the world's leading franchisors of real estate brokerage services worldwide, made an exciting announcement regarding the expansion of the RE/MAX Approved Supplier program.

RE/MAX® Marketplace Adds Six Vendors, Bringing Fresh Savings and Exclusive Offerings to the RE/MAX Network

RE/MAX (RMAX) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.68 per share a year ago.

RE/MAX (RMAX) Beats Q2 Earnings and Revenue Estimates

Although the revenue and EPS for RE/MAX (RMAX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

RE/MAX (RMAX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Total Revenue of $82.4 Million, Adjusted EBITDA of $26.6 Million DENVER , Aug. 2, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights (Compared to second quarter 2022 unless otherwise noted) Total Revenue decreased 10.6% to $82.4 million Revenue excluding the Marketing Funds1 decreased 11.4% to $61.4 million, driven by negative 10.5% organic growth2 and adverse foreign currency movements of 0.9% Net income attributable to RE/MAX Holdings, Inc. of $2.0 million and earnings per diluted share (GAAP EPS) of $0.11 Adjusted EBITDA3 decreased 24.2% to $26.6 million, Adjusted EBITDA margin3 of 32.3% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.40 Total agent count increased 0.4% to 144,510 agents U.S. and Canada combined agent count decreased 4.1% to 82,205 agents Total open Motto Mortgage franchises increased 17.5% to 235 offices4 Operating Statistics as of July 31, 2023 (Compared to July 31, 2022 unless otherwise noted) Total agent count increased 0.6% to 144,583 agents U.S. and Canada combined agent count decreased 4.1% to 81,983 agents Total open Motto Mortgage franchises increased 15.6% to 237 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 June 30, 2023.  "We were pleased to see continued RE/MAX agent count growth in Canada and our global regions during the second quarter.

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

DENVER , Aug. 1, 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 of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock. The dividend is payable on August 29, 2023, to shareholders of record at the close of business on August 15, 2023.

RE/MAX HOLDINGS, INC. ANNOUNCES QUARTERLY DIVIDEND

June Home Sales Tick Up Over May DENVER , July 19, 2023 /PRNewswire/ -- June posted month-over-month increases in home sales (up 5.4% from May) and inventory (up 7.2%) while year-over-year activity continued to trail the strong results of early 2022. June 2023 home sales were 18.7% below last June's, contributing to a first-half 24% decline in closings compared to the first half of 2022 across the 52 metro areas surveyed in the RE/MAX National Housing Report.

RE/MAX National Housing Report for June 2023

DENVER , July 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 June 30, 2023, after market close on Wednesday, August 2, 2023, and will host a conference call and webcast for interested parties on Thursday, August 3, 2023, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE SECOND QUARTER 2023 RESULTS ON AUGUST 2, 2023

RE/MAX leaders will be joined by industry trailblazers, top real estate coaches and motivational speakers. DENVER , July 6, 2023 /PRNewswire/ -- RE/MAX, LLC has announced an impressive roster of speakers for the upcoming 2023 RE/MAX Broker Owner Conference (BOC).

RE/MAX ANNOUNCES TOP-NOTCH SPEAKER LINEUP FOR 2023 BROKER OWNER CONFERENCE

May Delivers 20% Increase in Homes Sales Ahead of Peak Months  DENVER , June 16, 2023 /PRNewswire/ -- The latest national housing report for May reveals a seasonal, 20% increase in home sales over April, as well as an 8.7% uptick in new listings. While sales are still down 18.7% from last May, solid demand amid tight inventory helped push the median sales price up by 3.2%, month over month, to $423,000.

RE/MAX NATIONAL HOUSING REPORT FOR MAY 2023

Premier industry survey also displays that, on average, RE/MAX teams are far more productive than teams at other brands. DENVER, June 14, 2023 /PRNewswire/ -- RE/MAX® proudly announces another remarkable achievement, as thousands of its agents have been recognized as "America's Best" on the RealTrends + Tom Ferry America's Best Real Estate Professionals List.

More than 4,000 RE/MAX Agents Recognized as Being Among "America's Best"

KE Holdings

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.

2 Real Estate Operations Stocks Poised to Escape Industry Woes

RealTrends + Tom Ferry "The Thousand" report confirms RE/MAX has more top-producing agents than any other brand DENVER , June 9, 2023 /PRNewswire/ -- RE/MAX® continues to have more of the nation's 1,000 top-producing real estate agents and teams than any other brand1, according to the recently released 2023 RealTrends + Tom Ferry The Thousand rankings. RE/MAX accounted for 142 qualifiers – 68 teams and 74 individuals – in the newly released "The Thousand," the annual ranking of participating real estate pros by transaction sides and sales volume.

RE/MAX Agents Again Outproduce the Competition in Annual Productivity Rankings

RE/MAX (RMAX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover RE/MAX (RMAX) Is a Great Choice for Value Investors

Current New Zealand Regional Owner Expanding Operations to Island Nation  DENVER , June 5, 2023 /PRNewswire/ -- The holder of RE/MAX® Master Franchise rights in New Zealand has purchased the same rights for the Republic of Fiji and plans to expand the brand into that island nation as well, RE/MAX, LLC announced today. The buyer, Don Ha, who has developed a sizable regional presence in New Zealand, is also the franchise owner of RE/MAX Revolution in Auckland, NZ.

RE/MAX Grows Presence in South Pacific, Sells Master Franchise Rights in Republic of Fiji

Ben Fairfield Named Vice President of Recruiting & Retention, Sam Hosea Promoted to Vice President of Region Development for West Region DENVER , June 2, 2023 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced Ben Fairfield has been named Vice President of Recruiting & Retention, a new position dedicated to brokerage growth, and Sam Hosea has been promoted to Vice President of Region Development for the West Region. In his new role, Fairfield is focused on creating resources to support franchisees and teams as they grow their businesses.

RE/MAX Sets Sharp Focus on Recruiting and Retention, Announces New VP Roles for Two Growth-Minded Leaders

The former "Entrepreneur of the Year" for Colorado co-founded the real estate franchisor in 1973 and served as Vice Chair of the Board since RE/MAX Holdings was formed in 2013 DENVER , May 31, 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., today announced that RE/MAX Co-Founder Gail Liniger retired from the RE/MAX Holdings Board of Directors on May 25, 2023, and has been named Vice Chair Emerita. Liniger, who co-founded RE/MAX alongside Dave Liniger in 1973, served as Vice Chair of the Board since RE/MAX Holdings was formed in connection with its 2013 initial public offering.

RE/MAX CO-FOUNDER GAIL LINIGER RETIRES FROM RE/MAX HOLDINGS BOARD OF DIRECTORS, NAMED VICE CHAIR EMERITA

The seasoned hospitality executive and real estate developer succeeds retiring Board member Ronald Harrison DENVER , May 31, 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., today announced that its stockholders elected Norman Jenkins to its Board of Directors at the Company's annual meeting of stockholders on May 24, 2023. Stockholders also voted to re-elect Roger Dow, Laura Kelly and Katherine Scherping.

NORMAN JENKINS ELECTED TO RE/MAX HOLDINGS, INC. BOARD OF DIRECTORS

Global Leader Signed 200+ New Franchise Sales and Nearly 300 Renewals in Q1 2023 DENVER , May 19, 2023 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, announced today that 206 additional franchises affiliated with the network during the first quarter of 2023 – nearly 17% more than in Q1 of 2022. Additionally, 293 existing RE/MAX brokerages, including 12 team offices, and two sub-regions renewed their agreements between January 1 and March 31, 2023.

RE/MAX Experiences Year-Over-Year Uptick in Franchise Sales and Renewals

April Sales Decline of 7.6% In Contrast with Seasonal Ramp-Up DENVER , May 18, 2023 /PRNewswire/ -- The seasonal ramp-up to peak summer homebuying did not occur in April as closings dropped 7.6% from March across the report's 49 metro areas. That came as the Median Sales Price rose 2.3% to $409,000 month-over-month and inventory inched up 1.8% over the prior month.

RE/MAX NATIONAL HOUSING REPORT FOR APRIL 2023

RE/MAX Holdings, Inc. (RMAX) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants Andy Schulz - Senior Vice President-Investor Relations Steve Joyce - Chief Executive Officer Ward Morrison - President & Chief Executive Officer, Motto Mortgage & Wemlo Nick Bailey - President & Chief Executive Officer, RE/MAX, LLC Karri Callahan - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan John Campbell - Stephens Tommy McJoynt - KBW Ronald Kamdem - Morgan Stanley Stephen Sheldon - William Blair Ryan McKeveny - Zelman & Associates Operator Ladies and gentlemen, good morning, and welcome to the RE/MAX Holdings First Quarter 2023 Earnings Conference Call and Webcast. My name is Abby, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q1 2023 Earnings Call Transcript

RE/MAX (RMAX) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.51 per share a year ago.

RE/MAX (RMAX) Matches Q1 Earnings Estimates

Total Revenue of $85.4 Million, Adjusted EBITDA of $19.9 Million DENVER , May 4, 2023 /PRNewswire/ -- First Quarter 2023 Highlights (Compared to first quarter 2022 unless otherwise noted) Total Revenue decreased 6.2% to $85.4 million Revenue excluding the Marketing Funds1 decreased 6.0% to $64.1 million, driven by negative 5.0% organic growth2 and adverse foreign currency movements of 1.0% Net loss attributable to RE/MAX Holdings, Inc. of $0.7 million and loss per diluted share (GAAP EPS) of $0.04 Adjusted EBITDA3 decreased 28.6% to $19.9 million, Adjusted EBITDA margin3 of 23.3% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.26 Total agent count increased 0.8% to 143,523 agents U.S. and Canada combined agent count decreased 3.1% to 82,521 agents Total open Motto Mortgage franchises increased 21.5% to 232 offices4 Operating Statistics as of April 30, 2023 (Compared to April 30, 2022 unless otherwise noted) Total agent count increased 0.3% to 143,759 agents U.S. and Canada combined agent count decreased 3.6% to 82,393 agents Total open Motto Mortgage franchises increased 23.2% to 234 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 March 31, 2023.  "We performed largely as expected during the first quarter, as the U.S. housing market continued to adjust to higher interest rates," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

News for RE/MAX Hld Stock (RMAX)