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Anywhere(HOUS) - 2024 Q1 - Earnings Call Presentation
2024-04-25 12:41
Non-GAAP Financial Measures 3 Our Business Advisors Global franchisor of some of the most recognized brands in the real estate industry. Leading full-service title and settlement services company in the U.S. | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|------------------------------------------- ...
Anywhere(HOUS) - 2024 Q1 - Quarterly Results
2024-04-25 11:32
Exhibit 99.1 MADISON, N.J. (April 25, 2024) - Anywhere Real Estate Inc. (NYSE: HOUS) ("Anywhere" or the "Company"), a global leader in residential real estate services, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights The following table sets forth the Company's financial highlights for the periods presented (in millions, except per share data) (unaudited): | | | | | | Three Months Ended March 31, | | | | --- | --- | --- | --- | --- | --- | ...
Sotheby's International Realty Opens First Office in Poland
Prnewswire· 2024-04-15 16:46
NEW YORK, April 15, 2024 /PRNewswire/ -- Sotheby's International Realty today announced the opening of Poland Sotheby's International Realty, signifying the brand's 194th office in Europe. The company is headquartered in the prestigious Europejski building in Warsaw's prime City Centre and will service the districts of Śródmieście, Mokotów, Wilanów, and beyond. Poland Sotheby's International Realty is headed by Paulius Gebrauskas, who brings more than a decade of real estate experience to the company and a ...
Are Investors Undervaluing ANYWHERE RE INC (HOUS) Right Now?
Zacks Investment Research· 2024-04-09 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...
Anywhere(HOUS) - 2023 Q4 - Annual Report
2024-02-20 12:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (State or other jurisdiction of incorporation or organization) Madison, New Jersey 07940 Commission File No. 001- ...
Anywhere(HOUS) - 2023 Q3 - Quarterly Report
2023-11-02 11:00
Financial Performance - Gross commission income for Q3 2023 was $1,293 million, a decrease of 12% from $1,469 million in Q3 2022[36] - Net revenues for the nine months ended September 30, 2023, were $4,386 million, down 21% from $5,585 million in the same period of 2022[36] - Total revenues for Q3 2023 were $1.584 billion, a decrease of 12.4% from $1.808 billion in Q3 2022[149] - Net income attributable to Anywhere and Anywhere Group for Q3 2023 was $129 million, compared to $55 million in Q3 2022, representing an increase of 134%[36] - Basic earnings per share for Q3 2023 was $1.17, up from $0.49 in Q3 2022[36] - Net income for the nine months ended September 30, 2023, was $10 million, a decrease of 94% compared to $169 million in the same period of 2022[41] - Operating EBITDA for the total company decreased to $107 million in Q3 2023, down from $166 million in Q3 2022, a decline of 36%[206] - Total expenses for Q3 2023 were $1,414 million, a decrease of 19% compared to $1,742 million in Q3 2022[36] - Total expenses for the nine months ended September 30, 2023 decreased by $972 million or 18% compared to the same period in 2022[221] Assets and Liabilities - Total assets as of September 30, 2023, were $6,059 million, a decrease from $6,383 million as of December 31, 2022[40] - Total liabilities decreased to $4,274 million as of September 30, 2023, from $4,616 million at the end of 2022[40] - Cash and cash equivalents as of September 30, 2023, were $151 million, down from $214 million at the end of 2022[40] - The company’s accumulated deficit as of September 30, 2023, was $(2,984) million, slightly improved from $(2,994) million at the end of 2022[40] - Total short-term and long-term debt as of September 30, 2023, was $2,560 million, a decrease from $2,849 million as of December 31, 2022[74] Cash Flow and Investments - Net cash provided by operating activities was $125 million for the nine months ended September 30, 2023, compared to a cash outflow of $71 million in 2022[41] - The company reported a net cash used in investing activities of $39 million for the nine months ended September 30, 2023, compared to $25 million in 2022[41] - The total cash, cash equivalents, and restricted cash at the end of the period was $158 million, down from $277 million at the end of the same period in 2022[41] - The company raised $640 million from the issuance of Senior Secured Second Lien Notes during the financing activities[41] Restructuring and Cost Management - The company reported a restructuring cost of $9 million in Q3 2023, compared to $16 million in Q3 2022[36] - Restructuring charges amounted to $9 million for the three months and $40 million for the nine months ended September 30, 2023[86] - The company expects total costs related to the Operational Efficiencies Plan to be $59 million, with $56 million incurred to date[90] - The company realized additional cost savings of approximately $60 million in Q3 2023 and over $160 million year-to-date, expecting to deliver approximately $200 million for the full year 2023[168] Legal and Regulatory Matters - The company is involved in ongoing antitrust litigation that could result in significant liabilities, with potential damages being difficult to predict[99] - The proposed nationwide settlement includes monetary relief of $83.5 million and injunctive relief, resolving all claims against the company in the Burnett and Moehrl cases[110] - The company is required to deposit $10 million within 14 business days after preliminary court approval, $20 million after final approval of fees and costs, and the remaining balance within 21 business days after final court approval[112] - The company disputes allegations in the Nosalek litigation, which is expected to be resolved under the Anywhere Settlement[124] Market and Economic Conditions - Average mortgage rates for a 30-year fixed-rate mortgage increased from 6.11% in September 2022 to 7.20% in September 2023, reaching 7.79% by October 26, 2023[170] - Industry forecasts predict existing homesale transactions to decrease by 18% to approximately 4.1 million for the full year 2023, the lowest since the Great Recession[166] - The Consumer Price Index (CPI) rose by 3.7% for the 12 months ended September 30, 2023, indicating ongoing inflationary pressures[173] Segment Performance - The Franchise Group generated $271 million in revenue for Q3 2023, down from $306 million in Q3 2022[149] - Homesale transaction volume decreased by 31% year-over-year in Q1 2023, improved to down 23% in Q2 2023, and down 13% in Q3 2023[165] - Closed homesale sides for the Franchise Group decreased by 18% year-over-year to 200,619, while the Owned Brokerage Group saw a 17% decline to 71,794[200] - Average homesale price increased by 5% for both the Franchise Group and Owned Brokerage Group, reaching $470,818 and $712,232 respectively[200]
Anywhere(HOUS) - 2023 Q3 - Earnings Call Presentation
2023-10-24 15:38
Affiliate Insights STATURY 21 Uses Anywhere's data scale to provide actionable insights for individual franchisees, helping them run their business better HomePlace • 2.57B API calls Integration of data and AI models for core business processes like agent recruiting Anywhere is Focused on Agent and Consumer Pain • Increased title and mortgage capture *Anywhere $107M Realized Cost Savings ($160M realized cost savings year-to-date) (On track to deliver $200M for the full year) 13 1. Includes all franchisees e ...
Anywhere(HOUS) - 2023 Q2 - Quarterly Report
2023-08-04 10:39
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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-35674 Commission File No. 333-148153 (I.R.S. Employer Identification Number) (I.R.S. ...
Anywhere(HOUS) - 2023 Q2 - Earnings Call Transcript
2023-07-25 17:25
Anywhere Real Estate Inc. (NYSE:HOUS) Q2 2023 Earnings Conference Call July 25, 2023 6:00 AM ET Company Participants Alicia Swift - Senior VP, Investor Relations & Treasury Ryan Schneider - CEO & President Charlotte Simonelli - CFO Conference Call Participants Tommy McJoynt - KBW Soham Bhonsle - BTIG Anthony Paolone - JP Morgan Ryan McKeveny - Zelman & Associates John Campbell - Stephens Inc. Operator Good morning. Welcome to the Anywhere Real Estate Second Quarter 2023 Earnings Conference Call via webcast. ...
Anywhere(HOUS) - 2023 Q2 - Earnings Call Presentation
2023-07-25 13:53
Deep understanding of the consumer Tech and data scale 米 9 Leadership in Technology and Data High Impact Technology And Products Personalized agent and franchisee technology to enhance productivity Affiliate Insights Integration of data and AI models for core business processes like agent recruiting Analytic Leadership Proven track record of utilizing predictive analytics and machine learning to drive results Multiple Proofs of Concept focused on generative AI HomePlace Guides consumers through the transact ...