Share Dilution

RE / MAX Broadcasts Fourth Quarter and Full 12 months 2020 Outcomes – RISMedia |


RE / MAX lately launched its fourth quarter and full yr working outcomes for 2020.

Highlights of 2020
– The full variety of brokers elevated by 5.3% to 137,792 brokers
– The variety of mixed brokers in america and Canada decreased by 0.5% to 84,250 brokers
– The full variety of open Motto mortgage franchises elevated by 27.0% to 141 places of work
– Whole income of $ 266.0 million; income excluding advertising and marketing funds decreased 4.0% to $ 201.6 million
– Web earnings attributable to RE / MAX Holdings, Inc. of $ 11.0 million and diluted earnings per share (EPS below GAAP) of $ 0.60
– Adjusted EBITDA of $ 92.6 million, Adjusted EBITDA margin of 34.8% and Adjusted diluted earnings per share of $ 1.88

Highlights of the fourth quarter of 2020
– Whole revenues of $ 72.4 million; non-marketing fund income elevated 7.6% to $ 54.6 million
– Web earnings attributable to RE / MAX Holdings, Inc. of $ 1.3 million and earnings per diluted share of $ 0.07
– Adjusted EBITDA of $ 23.8 million, Adjusted EBITDA margin of 32.8% and Adjusted diluted earnings per share of $ 0.47

Working statistics as of January 31, 2021
– The full variety of brokers elevated by 5.3% to 137,742 brokers
– The variety of mixed brokers in america and Canada decreased from 112 brokers to 83,991 brokers
– The full variety of Motto open mortgage franchises elevated by 21.4% to 142 places of work

“A booming housing market supported sturdy fourth quarter outcomes and supplied an excellent tailwind heading into 2021,” mentioned Adam Contos, CEO of RE / MAX Holdings. “Regardless of the pandemic, we achieved good natural progress, which translated into better-than-expected income and earnings within the fourth quarter, in addition to sturdy free money move technology. Total, the variety of RE / MAX brokers and gross sales of Motto franchises continued to develop within the fourth quarter, with the variety of Canadian brokers growing effectively in the course of the interval. The variety of brokers outdoors america and Canada additionally accelerated within the fourth quarter and elevated 16% yr over yr. Motto Mortgage had a very memorable yr and resulted in type. We offered over 70 Motto franchises in 2020, a document excessive and over 35% greater than in 2019. ”

Contos continued, “We anticipate the macroeconomic atmosphere for housing to stay supportive over the approaching yr, with elevated demand persevering with to outstrip provide. The battle for adverts will stay very aggressive and brokers who’re skilled, productive, and geared up with seller-focused instruments, akin to our First app, ought to have a bonus on this regard. We proceed to assist the productiveness of our networks by enhancing our price proposition and strengthening our expertise and knowledge core. On the identical time, we’re additionally creating promising extra income alternatives, each organically and thru strategic acquisitions, akin to wemlo and Gadberry Group. Total, we imagine we’re poised for important progress in 2021 and past. “

For extra data, please go to www.remax.com.



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