Tag Archives: Results

Realogy To Release First Quarter 2018 Financial Results And Host Webcast On May 3, 2018

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Madison, NJ – April 18, 2018 (PRNewswire) Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, will release its financial results for the quarter ended March 31, 2018, on Thursday, May 3, prior to the company’s webcast scheduled for 8:30 a.m. (EDT) on the same day during which the company will report its first quarter financial results and provide an update on its business and outlook.

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The webcast will be hosted by Ryan Schneider, chief executive officer and president, and Anthony E. Hull, executive vice president, chief financial officer and treasurer.

Investors may access the conference call live via webcast at www.realogy.com under “Investors” or by dialing 888-895-3527 (toll free); international participants should dial 706-679-2250. Please dial in at least 5 to 10 minutes prior to start time. A webcast replay will also be available on the company’s website.

About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of residential real estate services in the United States that is focused on empowering independent sales agents to best serve today’s consumers. Realogy delivers its services through its well-known industry brands including Better Homes and Gardens ® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial ®, Corcoran®, ERA®, Sotheby’s International Realty® as well as NRT, Cartus, Title Resource Group and ZapLabs, an in-house innovation and technology development lab. Realogy’s fully integrated business model includes brokerage, franchising, relocation, mortgage and, title and settlement services. Realogy provides independent sales agents access to leading technology, best-in-class marketing and learning programs, and support services to help them become more productive and build stronger businesses. Realogy’s affiliated brokerages operate around the world with approximately 192,000 independent sales agents in the United States and approximately 97,000 independent sales agents in more than 116 other countries and territories. Realogy is headquartered in Madison, New Jersey.

Investor Contacts:

Alicia Swift
(973) 407-4669
alicia.swift@realogy.com

Jennifer Halchak
(973) 407-7487
jennifer.halchak@realogy.com

Media Contact:

Nick Renda
(973) 407-7470
nick.renda@realogy.com

Where U.S. Adults Are Active on Social Media

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Source: Statista

Both Instagram and Snapchat have risen to fame by winning over young digital natives before breaking through to the mainstream. These days, both platforms are still particularly popular among teenagers and people in their twenties, but both are gradually increasing their reach across all age groups.

According to a recent Pew Research study, 40 and 26 percent of Americans aged 30 to 49 are using Instagram and Snapchat, respectively, these days, making them much less of a parents-free zone than many teenagers might like. Both platforms are no match for Facebook in terms of their reach across all age groups however, as the following chart illustrates.

Social Media Infographic

Realogy Reports Financial Results For Full Year 2017

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Company Returned $325 Million in Capital to Shareholders Through Share Repurchases and Dividends Last Year; Board Approves New $350 million Share Repurchase Authorization; Declares Quarterly Dividend

Madison, NJ – Feb. 27, 2018 (PRNewswire) Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the full year ended December 31, 2017, including the following highlights:

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  • Revenue was $6.1 billion, an increase of 5% compared to 2016, driven by increases in homesale transaction volume (transaction sides multiplied by average sale price).
  • Realogy grew its U.S. market share of existing homesale transaction volume to 15.9%, up from 15.7% in 2016.
  • Combined 2017 homesale transaction volume for Realogy increased 7% year-over-year, which exceeded the National Association of Realtors reported annual industry volume increase of 6% in 2017.
  • Net income was $431 million for 2017, compared to $213 million for 2016. Basic earnings per share was $3.15 compared with basic earnings per share of $1.47 in 2016. This reflects the recognition of a $216 million tax benefit, most of which is due to the 2017 Tax Cuts and Jobs Act, which reduces Realogy’s effective tax rate from an estimated 41% to an estimated 29%.
  • Adjusted net income per share for 2017 was $1.59 compared with $1.64 for 2016. (See Table 1a)./
  • Free Cash Flow for 2017 was $559 million compared with $456 million for 2016, an increase of $103 million. (See Table 7). Free Cash Flow for 2017 includes $27 million relating to the transition to a new mortgage joint venture partner.
  • Operating EBITDA for 2017 was $732 million, compared with $770 million for 2016. (See Table 5).2 The 5% decline was primarily attributable to higher agent commission rates, reduced earnings in our relocation segment, and several non-recurring charges.
  • In 2017, Realogy returned $325 million of capital to stockholders through share repurchases and dividends.

“Realogy is at the heart of the attractive U.S. residential real estate market, and I believe we have a compelling combination of critical and unique advantages as the market leader,” said Ryan Schneider, Realogy’s new chief executive officer and president. “Success requires that we deliver better business results, and we are moving quickly to drive change to enhance shareholder value. Our strategy is anchored by an aggressive focus on serving and supporting agents to help them become more successful, in large part by leveraging our technology and data scale.”

“During the past three years, Realogy has generated $1.5 billion in free cash flow,” said Anthony E. Hull, Realogy’s executive vice president, chief financial officer and treasurer. “The majority of our strong cash flow was allocated to repurchase shares, pay dividends and reduce debt. We expect to continue this capital management strategy going forward.”

To read the results in full click here.