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.

RE/MAX Holdings, Inc. (RMAX) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET Company Participants Andy Schulz – Senior Vice President of Investor Relations Steve Joyce – Chief Executive Officer Ward Morrison – President and Chief Executive Officer of Motto Mortgage and Wemlo Nick Bailey – President and Chief Executive Officer of RE/MAX, LLC Karri Callahan – Chief Financial Officer Conference Call Participants Rich Hill – Morgan Stanley Anthony Paolone – JP Morgan Ryan McKeveny – Zelman & Associates Tommy McJoynt – KBW John Campbell – Stephens Jason Stewart – JonesTrading Justin Ages – Berenberg Capital Markets Operator Good morning, and welcome to the RE/MAX Holdings First Quarter 2022 Earnings Conference Call and Webcast. My name is Chris, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings' (RMAX) CEO Steve Joyce on Q1 2022 Results - Earnings Call Transcript

RE/MAX (RMAX) delivered earnings and revenue surprises of 6.25% and 0.72%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

RE/MAX (RMAX) Beats Q1 Earnings and Revenue Estimates

Total Revenue Grew 25.9%, Organic Revenue Grew 10.5%, and Adjusted EBITDA Grew 20.5% DENVER , April 28, 2022 /PRNewswire/ -- First Quarter 2022 Highlights (Compared to first quarter 2021 unless otherwise noted) Total Revenue increased 25.9% to $91.0 million Revenue excluding the Marketing Funds1 increased 25.9% to $68.2 million, and was comprised of 10.5% organic growth2, 15.1% growth attributable to acquisitions and 0.3% growth from foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $1.5 million and income per diluted share (GAAP EPS) of $0.08 Adjusted EBITDA3 increased 20.5% to $27.9 million, Adjusted EBITDA margin3 of 30.7% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.51 Total agent count increased 1.6% to 142,405 agents U.S. and Canada combined agent count increased 0.5% to 85,160 agents Total open Motto Mortgage franchises increased 27.3% to 191 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 national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter ended March 31, 2022.  "Double-digit organic revenue growth in our core operations and continued strong performance from our acquisition of the RE/MAX INTEGRA North American regions contributed to our first quarter better-than-expected results," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2022 RESULTS

Data from real estate consulting and analysis firm T3 Sixty once again puts RE/MAX on top in agent productivity DENVER, April 21, 2022 /PRNewswire/ -- T3 Sixty recently released its 2022 Corporation report ranking the nation's largest real estate enterprises, franchise brands and brokerages. Data released in the prestigious report confirmed RE/MAX led the field of national brands in agent productivity as measured by transaction sides per agent, averaging 16.1* sides per agent.

T3 Sixty Results: RE/MAX Agents Average More Sales than Agents at Any Other National Real Estate Brand

The real estate powerhouse continues to grow its roster of strategic alliances, promoting leadership and entrepreneurship opportunities for all DENVER , April 14, 2022 /PRNewswire/ -- RE/MAX, LLC today announced a new corporate partnership with the Women's Council of REALTORS®. Through this new relationship, RE/MAX Affiliates in the U.S. are even more empowered to become involved with the Women's Council and its extensive resources and leadership development opportunities.

RE/MAX, LLC Announces Partnership with the Women's Council of REALTORS®

The new Vice President, Region Development will oversee operations for RE/MAX in 15 western U.S. states DENVER , April 11, 2022 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced the hiring of Ben Fairfield as Vice President, Region Development for the West Region. Fairfield has over 16 years of wide-ranging experience in the real estate industry, most recently having launched and built the SUCCESS Coaching program for SUCCESS Enterprises, a subsidiary of eXp World Holdings, Inc. Previously, Fairfield served as the Director of Expansion and Sales at United Home Group growing operations in over 20 states with more than 90 offices.

Esteemed Real Estate Coach Joins RE/MAX, LLC as Regional Growth Leader

DENVER , April 6, 2022 /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, 2022, after market close on Thursday, April 28, 2022, and will host a conference call and webcast for interested parties on Friday, April 29, 2022, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE FIRST QUARTER RESULTS ON APRIL 28, 2022

According to the 2022 RealTrends 500 survey of large brokerages, RE/MAX agents averaged twice as many transaction sides as competing agents in 2021 DENVER , April 4, 2022 /PRNewswire/ -- The 2022 RealTrends 500 survey revealed that RE/MAX agents at participating large brokerages, on average, outsold competing agents by more than 2-to-1* last year. The widely respected report showed RE/MAX agents averaged 16.5 transaction sides, more than doubling the average (7.6) of all other agents from the 1,733 participating brokerages.

RE/MAX Agents Outsell Competition for 12th Straight Year

Plus, agent productivity hits a new high for the network, setting a new record within the industry  DENVER, March 22, 2022 /PRNewswire/ -- RE/MAX, LLC sold over 1,000 franchises and renewed more than 1,100 brokerages in 2021, the global real estate franchisor announced today. In an especially active fourth quarter, nearly 450 of the 1,000 new franchises were sold between October and December.

RE/MAX Sells Over 1,000+ Franchises, Renews 1,000+ in 2021

Home Prices Rise 3%, Closings Dip 1% Ahead of Anticipated Spring Surge DENVER, March 17, 2022 /PRNewswire/ -- February home sales dipped nearly 1% from January, potentially setting the stage for what is typically the year's biggest month-over-month ramp-up in sales as March typically is considered the start of the spring home-selling season. And while the number of homes on the market remained at record lows, February's month-over-month decline in inventory of 6.8% was the smallest such decrease in five months.

RE/MAX National Housing Report for February 2022

DENVER, March 2, 2022 /PRNewswire/ -- More than 7,000 franchise owners, real estate agents and other attendees from 42 countries joined RE/MAX, LLC, for its annual RE/MAX R4® convention in Las Vegas, Nevada, this week. The three-day event – a mix of learning, networking and exploring new ways to do business – put a spotlight on the accomplishments of the global real estate network's more than 140,000 agents and the resources that come along with RE/MAX affiliation.

RE/MAX Announces Record 2 Million Transaction Side Total at Annual R4 Convention

DENVER, Feb. 28, 2022 /PRNewswire/ -- RE/MAX, LLC today announced that its affiliates have donated more than $185 million  through the brand's 30-year philanthropic partnership with Children's Miracle Network Hospitals® (CMN Hospitals). The total, which includes a record $11.4 million donated in 2021, was announced during the 2022 RE/MAX R4® convention in Las Vegas, Nevada.

Giving Hits New High as RE/MAX Celebrates 30 Years of Partnership with Children's Miracle Network Hospitals

RE/MAX Holdings, Inc. (RMAX) CEO Adam Contos on Q4 2021 Results - Earnings Call Transcript

RE/MAX (RMAX) delivered earnings and revenue surprises of 11.11% and 0.39%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

RE/MAX (RMAX) Beats Q4 Earnings and Revenue Estimates

DENVER, Feb. 23, 2022 /PRNewswire/ -- Full-Year 2021 Highlights (Compared to full-year 2020 unless otherwise noted) Total Revenue increased 23.9% to $329.7 million Revenue excluding the Marketing Funds1 increased 22.7% to $247.3 million, and was comprised of 11.8% organic growth2, 9.8% growth from acquisitions and 1.1% growth from foreign currency movements Net loss attributable to RE/MAX Holdings, Inc. of $15.6 million and loss per diluted share (GAAP EPS) of $0.84 Adjusted EBITDA3 increased 29.3% to $119.7 million, Adjusted EBITDA margin3 of 36.3% and Adjusted earnings per diluted share (Adjusted EPS3) of $2.43 Total agent count increased 3.1% to 141,998 agents U.S. and Canada combined agent count increased 1.4% to 85,471 agents Total open Motto Mortgage franchises increased 32.6% to 187 offices4 Fourth Quarter 2021 Highlights (Compared to fourth quarter 2020 unless otherwise noted) Total Revenue increased 23.1% to $89.2 million Revenue excluding the Marketing Funds increased 21.2% to $66.2 million, and was comprised of 5.0% organic growth, 15.3% growth from acquisitions and 0.9% growth from foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $3.1 million and earnings per diluted share (GAAP EPS) of $0.16 Adjusted EBITDA increased 30.7% to $31.1 million, Adjusted EBITDA margin of 34.8% and Adjusted earnings per diluted share (Adjusted EPS) of $0.60 Operating Statistics as of January 31, 2022 (Compared to January 31, 2021 unless otherwise noted) Total agent count increased 2.9% to 141,716 agents U.S. and Canada combined agent count increased 1.1% to 84,911 agents Total open Motto Mortgage franchises increased 35.2% to 192 offices 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 national mortgage brokerage franchise brand in the U.S., today announced operating results for the fourth quarter and full year ended December 31, 2021.  "Continued solid organic growth from our core operations and strong contributions from our acquisition of the RE/MAX INTEGRA North American regions drove our fourth quarter outperformance," said Adam Contos, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2021 RESULTS

DENVER, Feb. 17, 2022 /PRNewswire/ -- January home sales dropped 31.4% from December's total – a decrease slightly more than the seasonal norm – as inventory shrank for the sixth consecutive month. Year over year, sales were down 5.3% from January 2021.

RE/MAX National Housing Report for January 2022

DENVER, Feb. 14, 2022 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced the addition of three companies to the RE/MAX Approved Supplier program. Empowering agents with top resources that are easy to find, use and implement so they can focus on what they do best – helping clients buy and sell homes – this program offers comprehensive offerings of business services in the industry.

RE/MAX Marketplace Continues to Grow with Addition of Three New Vendors Providing Business Services to the RE/MAX Network

The 2021 housing market was the busiest ever, according to a new RE/MAX report, as a record number of homes sold at a breakneck pace.

2021 was 'fantastic year' for home sales despite low inventory, high prices: RE/MAX

DENVER, Jan. 25, 2022 /PRNewswire/ -- RE/MAX, the global real estate franchisor, announced its upcoming 2022 RE/MAX R4® convention will feature prominent, dynamic speakers from multiple industries to help RE/MAX brokers and agents embrace new strategies for innovation. Attendees will also hear from distinguished RE/MAX leaders such as RE/MAX, LLC President and CEO Nick Bailey , RE/MAX Holdings, Inc. CEO Adam Contos, and RE/MAX Co-Founder and Chairman Dave Liniger.

RE/MAX Announces Keynote Speakers for 2022 R4 Convention

DENVER, Jan. 24, 2022 /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 national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter and full year ended December 31, 2021, after market close on Wednesday, February 23, 2022, and will host a conference call and webcast for interested parties on Thursday, February 24, 2022, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE FOURTH QUARTER AND FULL YEAR 2021 RESULTS ON FEBRUARY 23, 2022

DENVER, Jan. 19, 2022 /PRNewswire/ -- Near-record December home sales cemented 2021 as the busiest year for home buying in the 14-year history of the report, while also setting records for smallest inventory and highest average home prices. On an annual basis, 2021 finished with nearly 10% more home sales than the previous record year of 2020.

RE/MAX National Housing Report for December 2021

DENVER, Jan. 18, 2022 /PRNewswire/ -- Home has always been important, but since the onset of the pandemic, many people's emotional attachment to their home has increased. For a lot of people, home the past few years has become a workplace, a school, a restaurant and a gathering place – the hub of their entire lives.

2022 RE/MAX National Ad Campaign Celebrates Significance of Home, Champions Real Estate Agents Who Lead the Way There

The average of price targets set by Wall Street analysts indicates a potential upside of 30.9% in RE/MAX (RMAX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe RE/MAX (RMAX) Could Rally 31%: Here's is How to Trade

DENVER, Jan. 11, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (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 Adam Contos, who has served as the Company's Chief Executive Officer since 2018, has informed the Company's Board of Directors (the "Board") of his decision to leave the Company effective March 31, 2022, to spend more time with his family and pursue new entrepreneurial endeavors.  He will also step down from the Company's Board effective March 31, 2022.

RE/MAX HOLDINGS, INC. ANNOUNCES LEADERSHIP TRANSITION

DENVER, Dec. 17, 2021 /PRNewswire/ -- The historically strong housing market continued to surge forward in November, as buyers gobbled up available homes seemingly as soon as they hit the market. Buyers finally saw some welcome relief on prices, with November's Median Sales Price dropping 2.9% to $330,000 – the largest monthly decline since the pandemic began.

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