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.

Expected Spring Surge in Home Sales Arrives DENVER , April 18, 2023 /PRNewswire/ -- March home sales jumped 37.7% over February, signaling the start of the peak spring and summer seasons in the report's 52 metro areas. While inventory was down 2.8% from February's total, March inventory was 56.4% higher year over year – due in part to the combination of pending sales and closings being down, leaving homes on the market longer than they were a year ago.

RE/MAX National Housing Report for March 2023

DENVER , April 10, 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 March 31, 2023, after market close on Thursday, May 4, 2023, and will host a conference call and webcast for interested parties on Friday, May 5, 2023, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE FIRST QUARTER 2023 RESULTS ON MAY 4, 2023

According to the 2023 RealTrends 500 survey of large brokerages, RE/MAX agents averaged twice as many transaction sides as competing agents in 2022 DENVER , April 5, 2023 /PRNewswire/ -- According to data in the 2023 RealTrends 500 survey, RE/MAX® agents continue to outperform the competition in both transaction sides and sales volume, on average, among the country's largest real estate brokerages.* This is the 13th consecutive year RE/MAX agents at the largest U.S. brokerages outsold competitors by more than 2-to-1 based on transaction sides.

Amid Shifting Housing Conditions, RE/MAX Agents Continue to Outsell Competition for 13th Straight Year

A new report by RE/MAX explores the cultural context and influential trends set to shape the real estate industry in the U.S. as homebuyers and sellers of all generations become increasingly pragmatic in their real estate search DENVER , March 28, 2023 /PRNewswire/ -- With 2022 having seen a notable increase in mortgage rates compared to historical lows in 2020-21, and with many economic factors to watch based on the first quarter of 2023, many U.S. homebuyers and sellers are rethinking their approach to achieving their real estate goals, according to a study commissioned by RE/MAX, the #1 name in real estate*. The global real estate franchisor released a comprehensive, current analysis of consumer tendencies and professional strategies around buying, selling, or owning a home.

Gen Z Homebuyers Consider Smart Features, New Builds and Prioritize Sustainable Materials, New Survey Shows

BWX Technologies

And we've got a stock matchup between BWXT Technology and RE/MAX Holdings.

The Rate Hike Wall Street Expected

The premier event for current or aspiring commercial real estate professionals will provide attendees with opportunities to network, attend cutting-edge educational sessions and engage with top industry leaders DENVER , March 24, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate* today announced a dynamic group of speakers for the upcoming 2023 RE/MAX Global Commercial Symposium, taking place from April 24-26 at the Renaissance Chicago Downtown Hotel in Chicago, Illinois. The three-day event has been tailored to provide resources and networking opportunities to commercial real estate professionals looking to grow their business and will also offer valuable insights to those interested in expanding their real estate business into the commercial sector.

RE/MAX Reveals Impactful Speaker Lineup for 2023 Global Commercial Symposium

Home Sales Show Strong Increase and Slight Rise in Median Sales Price Over January DENVER , March 17, 2023 /PRNewswire/ -- Despite being down 24.4% year over year, February home sales increased 16.8% from January. That was the largest month-over-month increase in 11 months and ended a five-month streak of sales declines that began in September.

RE/MAX National Housing Report for February 2023

Leading global real estate franchisor recognized on the well-respected list for 22 years DENVER , March 8, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate*, is recognized as a fastest-growing franchise in the March issue of Entrepreneur magazine. The accolade comes on the heels of RE/MAX earning recognition as a top franchisor in Entrepreneur's Franchise 500  list and, most recently, the global real estate franchisor was also inducted into the inaugural Entrepreneur Franchise 500 Hall of Fame , having ranked for 35+ consecutive years on the prestigious Franchise 500 list.

Entrepreneur Names RE/MAX a Top 10 Fastest-Growing Franchise Worldwide for the Second Year in a Row

The global real estate franchisor was inducted into the inaugural Entrepreneur Franchise 500 Hall of Fame having ranked for 35+ consecutive years on this prestigious list DENVER , March 3, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate*, was named to Entrepreneur's first-ever Franchise 500 Hall of Fame list, published in the March/April 2023 issue of Entrepreneur magazine, and on Entrepreneur.com. This prestigious list honors the elite franchise brands that have ranked in Entrepreneur's Franchise 500 ranking for 25 or more years consecutively.

RE/MAX Named to Entrepreneur's Franchise 500 Hall of Fame

Nearly 400 franchises inked agreements between October and December 2022 alone, almost doubling Q3 DENVER , March 2, 2023 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, announced today that nearly 400 franchises aligned with the network during the fourth quarter of 2022 – almost double the number of agreements signed in the third quarter. The Q4 result raised the full-year franchise sales total to more than 960.

RE/MAX Attracts Nearly 1,000 New Franchises, Renews Over 1,000 Affiliated Offices in 2022

RE/MAX Leaders Open Event with Lessons from the Past, Strategies for the Future  DENVER , Feb. 28, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate*, today hosted the Opening General Session at its annual R4® convention, the international gathering of RE/MAX agents and franchise owners. The session showcased the brand's advantages and vision for the future.

RE/MAX Celebrates First 50 Years at Annual R4 Convention

The global real estate franchisor continues to evolve its world-class marketing tools and resources to better position real estate agents for strength in any market DENVER , Feb. 23, 2023 /PRNewswire/ -- On the heels of its 2023 advertising campaign launch, RE/MAX®, the #1 name in real estate*, has rolled out the "Unstoppable Starts HereSM" campaign. The fresh, modern campaign was created to provide the brand and its vast network with a unified rallying cry around the various benefits of brand association with the balloon – all of which help to make RE/MAX agents "unstoppable.

RE/MAX Advances Marketing Strategy with "Unstoppable Starts Here" Campaign

Home sales continue to fall and that's hitting RE/MAX's bottom line.

Why RE/MAX Holdings Stock Dropped 18.8% on Friday

RE/MAX Holdings, Inc. (RMAX) Q4 2022 Earnings Conference Call February 17, 2023 8:30 AM ET Company Participants Andy Schulz - SVP, IR Steve Joyce - CEO Karri Callahan - CFO Ward Morrison - President and CEO, Motto Mortgage and Wemlo Nick Bailey - President and CEO, RE/MAX, LLC Conference Call Participants Anthony Paolone - JPMorgan Tommy McJoynt - KBW Ronald Kamdem - Morgan Stanley John Campbell - Stephens Ryan McKeveny - Zelman & Associates Matthew Filek - William Blair Operator Good morning, and welcome to the RE/MAX Holdings Fourth Quarter 2022 Earnings Conference Call and Webcast. My name is Audra, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q4 2022 Earnings Call Transcript

Home Prices Almost Back Where They Were a Year Ago as New Listings Surge DENVER , Feb. 17, 2023 /PRNewswire/ -- January's Median Sale Price of $385,000 was down 1.0% from December, marking the seventh consecutive month of price declines. Year over year, the January 2023 figure was just 1.3% higher than this same time last year – an indication home prices are moderating.

RE/MAX National Housing Report for January 2023

RE/MAX (RMAX) delivered earnings and revenue surprises of 0% and 2.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

RE/MAX (RMAX) Matches Q4 Earnings Estimates

Total Revenue of $81.3 Million, Adjusted EBITDA of $26.5 Million, Share Buyback Accelerated DENVER , Feb. 16, 2023 /PRNewswire/ --  Fourth Quarter 2022 Highlights (Compared to fourth quarter 2021 unless otherwise noted) Total Revenue decreased 8.9% to $81.3 million Revenue excluding the Marketing Funds1 decreased 10.2% to $59.4 million, driven by negative 9.1% organic growth2 and adverse foreign currency movements of 1.1% Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million and loss per diluted share (GAAP EPS) of $0.14 Adjusted EBITDA3 decreased 14.6% to $26.5 million, Adjusted EBITDA margin3 of 32.7% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.41 Total agent count increased 1.4% to 144,014 agents U.S. and Canada combined agent count decreased 1.9% agents to 83,839 agents Total open Motto Mortgage franchises increased 23.5% to 231 offices4 Full-Year 2022 Highlights (Compared to full-year 2021 unless otherwise noted) Total Revenue increased 7.2% to $353.4 million Revenue excluding the Marketing Funds1 increased 6.4% to $263.1 million, driven by 7.8% growth attributable to acquisitions, partially offset by negative 0.8% organic growth2 and adverse foreign currency movements of 0.6% Net income attributable to RE/MAX Holdings, Inc. of $4.8 million and income per diluted share (GAAP EPS) of $0.26 Adjusted EBITDA3 increased 1.7% to $121.6 million, Adjusted EBITDA margin3 of 34.4% and Adjusted earnings per diluted share (Adjusted EPS3) of $2.17 Operating Statistics as of January 31, 2023 (Compared to January 31, 2022 unless otherwise noted) Total agent count increased 1.1% to 143,293 agents U.S. and Canada combined agent count decreased 2.3% to 82,917 agents Total open Motto Mortgage franchises increased 20.3% to 231 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 and full-year ended December 31, 2022.  "Our business showed resilience during the fourth quarter while facing the strongest industry headwinds we've seen in more than a decade," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS

New vendors further establish RE/MAX Marketplace as a destination for premium real estate business services DENVER , Feb. 13, 2023 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced the addition of eleven companies to the RE/MAX Approved Supplier program. The new additions, spanning anti-crime resources, advanced real estate technology and sophisticated marketing services equip affiliates with top resources that are simple to implement.

RE/MAX® Marketplace Adds Eleven Vendors, Delivering New Savings and Premier Offerings to the RE/MAX Network

RE/MAX leaders in the U.S. and Canada were recognized for their newsworthy contributions to the real estate industry DENVER , Feb. 8, 2023 /PRNewswire/ -- Ten RE/MAX leaders have been recognized among RISMedia's 2023 Real Estate Newsmakers for their accomplishments and contributions to their companies, colleagues and clients, as well as to the larger cause of expanding homeownership. RISMedia's 2023 Real Estate Newsmakers, nominated in 2022 by RISMedia readers and editors, are showcased in six categories: Influencers, Trailblazers, Futurists, Achievers, Crusaders and Luminaries.

Ten RE/MAX® Leaders Earn Spots on 2023 RISMedia Newsmakers List

Proclamation honors 50 years of the global real estate franchisor's commitment to serving others DENVER , Jan. 30, 2023 /PRNewswire/ -- Today marks 50 years since the founding of RE/MAX®, the #1 name in real estate*. Recognizing how RE/MAX, LLC was founded in Denver and maintains its global headquarters there, Denver Mayor Michael Hancock has proclaimed January 30, 2023, to be known as "RE/MAX, LLC 50th Anniversary Day.

RE/MAX Celebrates 50 Years, Denver Mayor Issues Proclamation on Founders Day

A BrandSpark® survey of American and Canadian shoppers reveals RE/MAX agents are the most trusted in the industry DENVER , Jan. 25, 2023 /PRNewswire/ -- RE/MAX, the global real estate franchisor, today announced it has been recognized for having the Most Trusted Real Estate Agents in the USA* and Canada** by BrandSpark International, an independent market research company. In partnership with Newsweek in the U.S., the BrandSpark Most Trusted Awards are fully determined by the responses of participants who have recently shopped in the category they are voting for in a survey of more than 20,000 participants in the U.S. and in a survey of over 15,000 participants in Canada.

Year After Year, RE/MAX® Has the #1 Most Trusted Real Estate Agents in the USA and Canada, According to Survey

Honored for the 39th Straight Year, the Tradition of Excellence Carries On DENVER , Jan. 24, 2023 /PRNewswire/ -- RE/MAX, the #1 name in real estate*, continues to earn industry recognition as a top real estate franchisor. Honored for the 39th consecutive year, RE/MAX has been named to the Entrepreneur Franchise 500 list, which shines light on strong, influential franchisors across the U.S. and Canada.

RE/MAX® Ranked on Entrepreneur's Prestigious 2023 Franchise 500® List

Eight RE/MAX leaders in the U.S. and Canada were named to the prestigious Swanepoel Power 200 list, Nick Bailey recognized by Inman as an industry trailblazer DENVER , Jan. 23, 2023 /PRNewswire/ -- With prominent recognition of leadership at both the network and RE/MAX, LLC levels, the global real estate franchisor kicks off 2023 with a strong start. Eight RE/MAX leaders have been named to the prestigious Swanepoel Power 200 (SP200), a compilation of the most influential figures in real estate.

RE/MAX® Leaders Honored in Respected Industry Lists

DENVER , Jan. 20, 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 and full year ended December 31, 2022, after market close on Thursday, February 16, 2023, and will host a conference call and webcast for interested parties on Friday, February 17, 2023, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE FOURTH QUARTER AND FULL YEAR 2022 RESULTS ON FEBRUARY 16, 2023

As the next step in the evolution of RE/MAX technology, affiliates across the U.S. will gain access to the state-of-the-art platform and multiple add-ons DENVER , Jan. 19, 2023 /PRNewswire/ -- Building on its enterprise relationship with Inside Real Estate (IRE), the developers of kvCORE, RE/MAX, LLC today began offering the RE/MAX-branded platform – MAX/TechSM powered by kvCORE – to affiliates across the U.S. Following a successful launch of the tech ecosystem in Canada in late 2022, RE/MAX accelerated its phased U.S. rollout, which will provide access to RE/MAX Broker/Owners, agents and teams as a benefit of affiliation – at no additional cost.1 Offering award-winning agent/team/office websites, lead management, a smart CRM, effortless marketing, transactions integration, business intelligence and more, the robust, state-of-the-art platform empowers affiliates to automate virtually every aspect of their business. Best-in-class features of the tools and platform include: Customizable IDX Websites – Affiliates can engage website visitors with rich community details, home valuation pages, and more – all while maintaining total brand control with customizable templates.

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