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.

Raffaeli, who will serve on the Compensation and Audit Committees, succeeds retiring Board member Kathleen Cunningham DENVER , Aug. 19, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), the parent company of RE/MAX, LLC, a global leader in real estate brokerage franchising, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., is pleased to announce that Cathi Raffaeli joined its Board of Directors on August 19, 2024. Raffaeli has also been appointed to the Board's Compensation and Audit committees.

CATHLEEN RAFFAELI ELECTED TO RE/MAX HOLDINGS, INC. BOARD OF DIRECTORS

RE/MAX Holdings beats Q2 earnings expectations, confirming my bullish thesis. Housing market challenges persist, with high mortgage rates and affordability issues. Potential agent exodus may lead to a more efficient business model for RE/MAX.

RE/MAX Holdings: The Bull Case Still Has Legs

RE/MAX Holdings, Inc. (RMAX) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Andy Schulz - Senior Vice President-Investor Relations Erik Carlson - Chief Executive Officer Karri Callahan - Chief Financial Officer Amy Lessinger - President, RE/MAX, LLC Conference Call Participants Soham Bhonsle - BTIG Anthony Paolone - JPMorgan Tommy Mcjoynt-Griffith - KBW Stephen Sheldon - William Blair Matthew Erdner - Jones Trading Ryan McKeveny - Zelman & Associates Ronald Kamdem - Morgan Stanley John Campbell - Stephens Inc. Operator Good morning and welcome to the RE/MAX Holdings Second Quarter 2024 Earnings Conference Call and Webcast. My name is Sarah and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for RE/MAX (RMAX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

RE/MAX (RMAX) Reports Q2 Earnings: What Key Metrics Have to Say

RE/MAX (RMAX) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago.

RE/MAX (RMAX) Q2 Earnings and Revenues Surpass Estimates

Total Revenue of $78.5 Million, Adjusted EBITDA of $28.1 Million DENVER , Aug. 8, 2024 /PRNewswire/ --  Second Quarter 2024 Highlights (Compared to second quarter 2023 unless otherwise noted) Total Revenue decreased 4.8% to $78.5 million Revenue excluding the Marketing Funds1 decreased 4.8% to $58.4 million, driven by negative 4.5% organic growth2 and 0.3% adverse foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $3.7 million and earnings per diluted share (GAAP EPS) of $0.19 Adjusted EBITDA3 increased 5.4% to $28.1 million, Adjusted EBITDA margin3 of 35.8% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.41 Total agent count decreased 968 agents, or 0.7%, to 143,542 agents U.S. and Canada combined agent count decreased 4.4% to 78,599 agents Total open Motto Mortgage franchises increased 2.6% to 241 offices4 Operating Statistics as of July 31, 2024 (Compared to July 31, 2023, unless otherwise noted) Total agent count decreased 302 agents, or 0.2%, to 144,281 agents U.S. and Canada combined agent count decreased 4.3% to 78,440 agents Total open Motto Mortgage franchises increased 0.8% 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 June 30, 2024.  "We continue to operate our business as efficiently and effectively as possible, which contributed to better-than-expected second-quarter financial results," said Erik Carlson, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS SECOND QUARTER 2024 RESULTS

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) Q2 Earnings Expected to Decline

New data reveals that although the younger generations have considerations about affordability, they are ready to own a home and view it as an important part of life. DENVER , July 25, 2024 /PRNewswire/ -- The dream of homeownership remains an integral part of life for Gen Z and Millennials in the U.S., who continue to feel that owning a home is important despite market conditions.

Nearly Two-Thirds of Gen Z and Millennials Are Ready to Become Homeowners, Prices Are Holding Them Back

Inventory Continues to Increase Amid Modest Median Price Growth and Home Sales Decline DENVER , July 17, 2024 /PRNewswire/ -- June home sales declined 7.2% from May's strong showing and were down 11.6% year over year – atypical considering June historically has more sales than May. Across the 50 metro areas surveyed, inventory rose 6.7% from May and was up 38.1% over June 2023 – similar to May's year-over-year increase of 39.6%.

RE/MAX NATIONAL HOUSING REPORT FOR JUNE 2024

DENVER , July 11, 2024 /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, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE SECOND QUARTER 2024 RESULTS ON AUGUST 8, 2024

RE/MAX Selects BOSSCAT™ to Join Approved Suppliers for Instant Estimates, Online Ordering Technology, and Turnkey Pre-List Renovation Services

Industry visionaries will connect in three days of inspiration, innovation, and unparalleled networking dedicated to business growth DENVER , July 3, 2024 /PRNewswire/ -- RE/MAX®, the No. 1 name in real estate*, is thrilled to announce that registration is open for the highly anticipated 2024 RE/MAX Broker Owner Conference (BOC).

RE/MAX Leads the Way with 2024 Broker Owner Conference

Inventory Jumped 40%, Home Prices Increased 5%, Sales Exceed 2023 Pace DENVER, June 13, 2024 /PRNewswire/ -- In May, both inventory and new listings grew to levels not seen since the second half of 2022.  The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year.

RE/MAX NATIONAL HOUSING REPORT FOR MAY 2024

2024 RealTrends Agent and Team Rankings Reflect the High Quality, Productivity Throughout the RE/MAX Network DENVER , June 5, 2024 /PRNewswire/ -- RE/MAX®, the No. 1 name in real estate1, is proud to announce that nearly 2,500 RE/MAX agents and team leaders have been recognized on the 2024 RealTrends Verified Top Agents and Teams rankings for exceptional production in 20232.

RE/MAX Agents, Teams Among the Most Productive in U.S.

Sales Increase for Third Consecutive Month, New Listings Far Ahead of Last Year DENVER , May 16, 2024 /PRNewswire/ -- April, the gateway to what are traditionally the busiest months for home sales, has set the stage nicely with closings increasing 11.2% over March and 9.0% over last April. Sales have increased month over month since February.

RE/MAX NATIONAL HOUSING REPORT FOR APRIL 2024

The approved settlement resolves the claims asserted against RE/MAX, LLC and releases RE/MAX affiliates on a nationwide basis DENVER , May 9, 2024 /PRNewswire/ -- RE/MAX, the #1 name in real estate*, received final approval of the settlement agreement in the class action lawsuits known as Burnett, Moehrl and Nosalek, and any similar claims on a nationwide basis. The approved settlement resolves the claims asserted against RE/MAX, LLC and includes releases for all U.S. RE/MAX independent regions, franchisees and agents.

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

The annual RE/MAX Commercial event zeroes in on helping build Commercial Brokers' business, June 10-12 in Tampa DENVER , May 8, 2024 /PRNewswire/ -- RE/MAX, LLC, the #1 name in real estate1, announces the highly anticipated 2024 RE/MAX® Global Commercial Symposium, slated from June 10-12 at the Tampa Bay Marriott Water Street in Florida. With a lineup of dynamic speakers, the event offers a unique opportunity for RE/MAX Commercial Brokers to strengthen their skills and for all affiliates to explore the realm of commercial real estate.

RE/MAX Elevates Commercial Business with 12th Annual Global Commercial Symposium

RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Andy Schulz - Senior Vice President-Investor Relations Erik Carlson - Chief Executive Officer Karri Callahan - Chief Financial Officer Amy Lessinger - President, RE/MAX, LLC Conference Call Participants Soham Bhonsle - BTIG Ryan McKeveny - Zelman & Associates Ronald Kamdem - Morgan Stanley Tommy McJoynt - KBW John Campbell - Stephens Operator Good morning and welcome to the RE/MAX Holdings First Quarter 2024 Earnings Conference Call and Webcast. My name is Brianna and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Call Transcript

The headline numbers for RE/MAX (RMAX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RE/MAX (RMAX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

RE/MAX (RMAX) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.26 per share a year ago.

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

Total Revenue of $78.3 Million, Adjusted EBITDA of $19.0 Million DENVER , May 2, 2024 /PRNewswire/ --  First Quarter 2024 Highlights (Compared to first quarter 2023 unless otherwise noted) Total Revenue decreased 8.3% to $78.3 million Revenue excluding the Marketing Funds1 decreased 9.3% to $58.1 million, driven by negative 9.3% organic growth2 Net loss attributable to RE/MAX Holdings, Inc. of $3.4 million and loss per diluted share (GAAP EPS) of $0.18 Adjusted EBITDA3 decreased 4.7% to $19.0 million, Adjusted EBITDA margin3 of 24.3% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.20 Total agent count decreased 236 agents, or 0.2%, to 143,287 agents U.S. and Canada combined agent count decreased 4.3% to 78,955 agents Total open Motto Mortgage franchises increased 4.7% to 243 offices4 Operating Statistics as of April 30, 2024 (Compared to April 30, 2023, unless otherwise noted) Total agent count decreased 672 agents, or 0.5%, to 143,087 agents U.S. and Canada combined agent count decreased 4.4% to 78,741 agents Total open Motto Mortgage franchises increased 4.3% to 244 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, 2024.  "Effective cost management led to solid first-quarter margin performance, as we continue to operate our business as efficiently as possible amidst an environment of uncertainty," said Erik Carlson, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS

The luxury real estate event will take place June 18-19 at The Ritz-Carlton, Lake Tahoe DENVER , April 30, 2024 /PRNewswire/ -- RE/MAX®, the No. 1 name in real estate*, is gearing up to host its renowned networking and business development experience for luxury real estate agents – The RE/MAX Collection Luxury Forum, set for June 18-19 at The Ritz-Carlton in Lake Tahoe, California.

The RE/MAX Collection® 12th Annual Luxury Forum Will Offer Agents a Chance to Learn, Network, Share Best Tips

Analysts Estimate RE/MAX (RMAX) to Report a Decline in Earnings: What to Look Out for

RE/MAX (RMAX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why RE/MAX (RMAX) Could Beat Earnings Estimates Again

DENVER , April 9, 2024 /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, 2024, after market close on Thursday, May 2, 2024, and will host a conference call and webcast for interested parties on Friday, May 3, 2024, at 8:30 a.m. Eastern Time.

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