Financial Performance - Realogy Holdings Corp. reported net revenues of $1,547 million for Q1 2021, a 32.4% increase from $1,168 million in Q1 2020[35] - Gross commission income rose to $1,154 million in Q1 2021, up 35.7% from $850 million in Q1 2020[35] - The company achieved a net income of $34 million in Q1 2021, compared to a net loss of $462 million in Q1 2020[35] - Basic earnings per share increased to $0.28 in Q1 2021, recovering from a loss of $4.03 per share in Q1 2020[35] - The company reported a comprehensive income of $33 million for Q1 2021, compared to a comprehensive loss of $463 million in Q1 2020[37] - Net income for the three months ended March 31, 2021, was $34 million, compared to a net loss of $462 million for the same period in 2020[42] - Operating EBITDA for Q1 2021 was $162 million, compared to $32 million in Q1 2020, reflecting a significant recovery[153] - Net income attributable to Realogy Holdings increased to $33 million in Q1 2021, a $495 million improvement from a net loss of $462 million in Q1 2020[212] Expenses and Costs - Total expenses decreased to $1,527 million in Q1 2021, down from $1,780 million in Q1 2020, reflecting a reduction in various cost categories[35] - Total expenses decreased by $253 million or 14% to $1,527 million in Q1 2021, primarily due to a significant reduction in non-cash impairments from $477 million in Q1 2020 to $1 million in Q1 2021[213] - The Company incurred $5 million in restructuring costs in Q1 2021, part of a program expected to total approximately $166 million, with $117 million already incurred[216] - A $255 million increase in commission and other sales agent-related costs due to higher homesale transaction volume and increased agent commission costs[219] Cash and Debt Management - Cash and cash equivalents as of March 31, 2021, were $404 million, down from $520 million at the end of 2020[39] - Long-term debt increased to $3,190 million as of March 31, 2021, compared to $3,145 million at the end of 2020[39] - Payments for refinancing of Term Loan A Facility and Term Loan B Facility totaled $905 million in Q1 2021[42] - The company utilized $905 million from the issuance of Senior Notes to pay down $250 million of Term Loan A and $655 million of Term Loan B[158] Revenue Sources - Realogy Franchise Group's revenue for Q1 2021 was $254 million, up from $220 million in Q1 2020[151] - Realogy Brokerage Group reported revenue of $1,171 million in Q1 2021, compared to $869 million in Q1 2020[151] - Homesale transaction volume for Realogy Franchise and Brokerage Groups increased 44% in Q1 2021 compared to Q1 2020[162] - Average homesale price for Realogy Franchise Group increased by 22% in Q1 2021, while Realogy Brokerage Group saw a 14% increase[173] Legal and Regulatory Matters - The Company is involved in various legal proceedings, including claims related to worker classification and anti-trust matters, which may impact financial performance[130] - The company is involved in multiple class action lawsuits alleging violations of the Sherman Act related to buyer broker compensation policies[133] - The Department of Justice filed a statement of interest in the Moehrl case to correct the portrayal of a 2008 consent decree between the United States and the National Association of Realtors (NAR)[133] - The company has ongoing litigation with potential liabilities that could materially affect its financial condition, but it believes it has adequately accrued for legal matters[140][141] Market Conditions - U.S. existing home inventory decreased approximately 28% from 1.5 million in March 2020 to 1.1 million in March 2021, resulting in a supply drop from 3.3 months to 2.1 months[177] - The U.S. unemployment rate declined to 6.0% in March 2021, down from a high of 14.8% in April 2020, but still 2.5% higher than pre-pandemic levels[179] - Mortgage rates for a 30-year fixed-rate mortgage averaged 2.88% in Q1 2021, down from 3.51% in Q1 2020, despite a rise to 3.08% by March 31, 2021[180] Operational Efficiency - The Company identified additional facility and operational efficiencies in the second half of 2020, with further initiatives expected in 2021[120] - The total amount remaining to be incurred for the Facility and Operational Efficiencies Program is $49 million[121] - Personnel-related costs expected to be incurred are $56 million, with $52 million already incurred[121] - Facility-related costs expected to be incurred are $109 million, with $64 million already incurred[121] Equity and Stock Performance - The Company granted restricted stock units related to 0.9 million shares with a fair value of $14.10 and performance stock units related to 0.6 million shares with a fair value of $11.55 during Q1 2021[127] - The balance of common stock increased from 115.5 million shares at December 31, 2020, to 116.4 million shares at March 31, 2021[123] Future Outlook - The company expects homesale transaction volume to increase by 57% in Q2 2021 compared to Q2 2020, which was heavily impacted by COVID-19[165] - NAR forecasts existing homesale transactions to remain flat in 2022, while Fannie Mae predicts a 6% decrease[172]

& REALOGY REAL ESTATE SERVICES EARNINGS CALL Q1 2021 Belles CENTURY 21 el era corcoran Sotheby's > > REALOGY (3) RESOURCES & REALOGY guaranteed Rate �REALOGY CARTUS. RYAN SCHNEIDER Chief Executive Officer and President MANAGEMENT PRESENTERS CHARLOTTE SIMONELLI Executive Vice President and Chief Financial Officer ALICIA SWIFT Senior Vice President, Investor Relations and Financial Planning & Analysis IMPORTANT DISCLOSURES Forward-Looking Statements This presentation contains forward-looking statements. The C ...

Realogy Holdings Corp, Inc. (RLGY) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET Company Participants Alicia Swift - SVP, Financial Planning & Analysis and IR Ryan Schneider - CEO, President & Director Charlotte Simonelli - EVP, CFO & Treasurer Conference Call Participants Matt Gaudioso - Compass Point Ryan McKeveny - Zelman & Associates Matt Bouley - Barclays Bank Tommy McJoynt - KBW Stephen Kim - Evercore ISI Operator Good morning, and welcome to the Realogy Holdings Corp. First Quarter 2021 ...

Start Time: 08:30 January 1, 0000 9:14 AM ET Realogy Holdings Corp. (RLGY) Q4 2020 Earnings Conference Call February 23, 2021, 08:30 AM ET Company Participants Ryan Schneider - President and CEO Charlotte Simonelli - EVP and CFO Alicia Swift - SVP, Financial Planning and Analysis, and IR Conference Call Participants John Campbell - Stephens Ryan McKeveny - Zelman & Associates Matthew Bouley - Barclays Tommy McJoynt - Keefe, Bruyette & Woods Jack Micenko - Susquehanna Matthew Gaudioso - Compass Point Operato ...

Realogy Earnings Call Q4 & FY 2020 RLGY NYSE Management Presenters Ryan Schneider Chief Executive Officer and President Charlotte Simonelli Executive Vice President, Chief Financial Officer & Treasurer Alicia Swift Senior Vice President, Investor Relations and Financial Planning & Analysis 2 Important Disclosures Forward-Looking Statements This presentation contains forward-looking statements. The Company desires to take advantage of the Safe Harbor Provisions of the Private Securities Litigation Reform Act ...

FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ REALOGY HOLDINGS CORP. REALOGY GROUP LLC (Exact name of registrant as specified in its charter) (Exact name of re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ REALOGY HOLDINGS CORP. REALOGY GROUP LLC 20-8050955 20-4381990 (I.R.S. Employer Identification Number) ( ...

Realogy Holdings Corp (RLGY) Q3 2020 Earnings Conference Call October 29, 2020 8:30 AM ET Company Participants Alicia Swift - SVP, Financial Planning & Analysis and IR Ryan Schneider - CEO, President & Director Charlotte Simonelli - EVP, CFO & Treasurer Conference Call Participants Stephen Kim - Evercore ISI Ryan McKeveny - Zelman & Associates Tommy McJoynt - KBW Matthew Bouley - Barclays Bank John Campbell - Stephens Inc. John Micenko - Susquehanna Financial Group Operator Good morning, and welcome to the ...

Realogy AREALOGY Earnings Call Q3 2020 sure w corcoran ERA REAL ESTAT REA RLGY LISTED NYSE INTERNATIONAL REALTY Management Presenters Ryan Schneider Chief Executive Officer and President Charlotte Simonelli Executive Vice President, Chief Financial Officer & Treasurer Alicia Swift Senior Vice President, Investor Relations and Financial Planning & Analysis 2 Important Disclosures Forward-Looking Statements This presentation contains forward-looking statements. The Company desires to take advantage of the Saf ...

Financial Performance - Realogy Holdings Corp. reported Q2 2020 net revenues of $1,207 million, a decrease of 27.4% compared to $1,664 million in Q2 2019[38]. - Gross commission income for Q2 2020 was $919 million, down 29.8% from $1,310 million in Q2 2019[38]. - The company incurred a net loss of $13 million in Q2 2020, compared to a net income of $70 million in Q2 2019[40]. - Total expenses for Q2 2020 were $1,204 million, a decrease of 23.2% from $1,569 million in Q2 2019[38]. - Realogy Holdings reported a basic loss per share of $0.12 for Q2 2020, compared to earnings per share of $0.60 in Q2 2019[38]. - Net loss for the six months ended June 30, 2020, was $475 million, compared to a net loss of $29 million for the same period in 2019[46]. - The company reported a net loss of $14 million in Q2 2020 compared to a net income of $69 million in Q2 2019[179]. - The company reported a net loss of $476 million for the six months ended June 30, 2020, compared to a net loss of $30 million for the same period in 2019[154]. Cash Flow and Liquidity - Cash and cash equivalents increased to $686 million as of June 30, 2020, up from $235 million at the end of 2019[43]. - Net cash provided by operating activities from continuing operations was $35 million, a decrease from $113 million in the prior year[46]. - Net cash used in investing activities was $63 million, slightly up from $62 million in the same period of 2019[47]. - Net cash provided by financing activities from continuing operations was $571 million, compared to $70 million in the previous year[47]. - The company reported a significant increase in the net change in the Revolving Credit Facility, rising to $625 million from $60 million[47]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $704 million, up from $278 million at the end of June 2019[47]. Debt and Liabilities - Long-term debt remained relatively stable at $3,175 million as of June 30, 2020, compared to $3,211 million at the end of 2019[43]. - The principal amount of the company's debt as of June 30, 2020, included $1,053 million in Term Loan B and $550 million in Senior Secured Second Lien Notes[62]. - As of June 30, 2020, total short-term and long-term debt amounted to $4,043 million, an increase from $3,445 million as of December 31, 2019, representing a 17.4% rise[109]. - The Company issued $550 million in 7.625% Senior Secured Second Lien Notes in June 2020, maturing on June 15, 2025[125]. - The Revolving Credit Facility has outstanding borrowings of $815 million as of June 30, 2020, with an expiration date in February 2023[110]. Impairment and Restructuring - The company experienced a significant impairment charge of $454 million in Q2 2020, compared to $3 million in Q2 2019[38]. - The company recorded impairment charges of $454 million due to the impact of COVID-19 on future earnings[46]. - Goodwill impairment of $413 million was recognized for the Realogy Brokerage Group due to the impact of COVID-19, reducing the carrying value to $256 million[101]. - Restructuring charges totaled $14 million and $25 million for the three and six months ended June 30, 2020, respectively, compared to $9 million and $18 million for the same periods in 2019[136]. - The company has implemented a plan to accelerate office consolidation and operational efficiencies, which includes reducing headcount and optimizing workforce roles[138]. Revenue Trends - Total net revenues for Q2 2020 were $1,207 million, down from $1,664 million in Q2 2019, reflecting a decrease of approximately 27.5%[68]. - For the first half of 2020, total net revenues were $2,323 million, compared to $2,718 million in the same period of 2019, representing a decline of about 14.5%[68]. - Realogy Franchise Group revenues decreased to $179 million in Q2 2020 from $260 million in Q2 2019, a decline of 31%[178]. - Realogy Brokerage Group revenues fell to $933 million in Q2 2020 from $1.331 billion in Q2 2019, a decrease of 30%[178]. - Closed homesale transaction volume decreased by 24% in Q2 2020 compared to the same period in 2019, but improved to a decline of only 8% year-over-year in June 2020[195]. Market Conditions and Outlook - The COVID-19 crisis led to a 30% decrease in homesale transaction volume for Realogy Brokerage Group in Q2 2020 compared to Q2 2019, primarily due to a 25% decrease in existing homesale transactions[205]. - The inventory of existing homes for sale in the U.S. decreased approximately 18% from 1.92 million in June 2019 to 1.57 million in June 2020, resulting in a decline in months of supply from 4.3 to 4.0[207]. - The unemployment rate in the U.S. declined to 11.1% in June 2020, down from a high of 14.7% in April 2020, but still represents a 7.6% increase since February 2020[208]. - The average mortgage rate for a 30-year fixed mortgage was 3.23% in Q2 2020, down from 4.00% in Q2 2019, positively impacting refinancing activity and homesale transactions[209]. - NAR forecasts existing homesale transactions to increase by 7% in 2021, while Fannie Mae forecasts a 4% increase for the same period[221]. Legal and Regulatory Matters - The company is involved in multiple litigation cases, including a putative class action complaint alleging violations of the Exchange Act, with claims for compensatory damages for stock purchasers between February 24, 2017, and May 22, 2019[164]. - The company is facing class action lawsuits that could incur judgments or settlements materially in excess of amounts accrued, potentially affecting its financial condition[167]. - The Department of Justice has filed statements of interest in ongoing litigation matters, indicating potential regulatory scrutiny[160][161]. - The company believes it has adequately accrued for legal matters, but litigation outcomes are inherently unpredictable and could materially affect its operations[167].