RE/MAX Holdings (RMAX) Tops Q3 EPS by 3c; Lowers FY18 Revenue/Adj. EBITDA Guidance
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RE/MAX Holdings Reports Third Quarter 2018 Results
November 1, 2018 4:10 PM EDTDENVER, Nov. 1, 2018 /PRNewswire/ --
Third Quarter 2018 Highlights
(Compared to third quarter 2017 unless otherwise noted)
Total agent count increased 5.4% to 123,905 agents U.S. and Canada combined agent count increased 1.2% to 85,698 agents Over 100 Motto franchises sold and almost 70 Motto franchises opened since inception Revenue increased 11.8% to $54.9 million Net income attributable to RE/MAX Holdings, Inc. of $8.1 million and earnings per diluted share (GAAP EPS) of $0.46 Adjusted EBITDA1 of $29.5 million, Adjusted EBITDA margin1 of 53.7% and Adjusted earnings per diluted share (Adjusted... More