Newmark Group reported its financial results for the three months ended September 30, 2024, on November 5, 2024. The company announced total revenues of $685.9 million, an 11.3% increase year-over-year.
GAAP net income per fully diluted share was $0.10, representing an 85.8% increase from the prior year. Post-tax Adjusted Earnings per share (Adjusted Earnings EPS) grew by 22.2% to $0.33, while Adjusted EBITDA increased by 17.0% to $112.6 million.
The Adjusted EBITDA margin improved by 53 basis points to 16%. For the trailing twelve months ended September 30, 2024, total revenues were approximately $2.6 billion, and Adjusted EBITDA was $428.6 million, with a net leverage ratio of 1.4x. The company's full-year revenue guidance of $2.65 billion at the midpoint came in slightly above analysts’ estimates.
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