Jones Lang LaSalle(JLL)
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Jones Lang LaSalle(JLL) - 2022 Q1 - Quarterly Report
2022-05-09 17:49
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 March 31, 2022 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 Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 (State or other ...
Jones Lang LaSalle(JLL) - 2022 Q1 - Earnings Call Presentation
2022-05-09 14:04
Earnings Presentation First Quarter 2022 May 9, 2022 Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside JLL's ...
Jones Lang LaSalle(JLL) - 2021 Q4 - Annual Report
2022-02-28 19:06
Annual Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 United States Securities and Exchange Commission Washington, D.C. 20549 For the fiscal year ended December 31, 2021 Commission File Number 1-13145 Jones Lang LaSalle Incorporated Form 10-K (Exact name of registrant as specified in its charter) | Maryland | | 36-4150422 | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | 200 East Randolph Drive IL | Chica ...
Jones Lang LaSalle(JLL) - 2021 Q4 - Earnings Call Transcript
2022-02-28 17:25
Financial Data and Key Metrics Changes - Fourth quarter consolidated revenue rose 23% to $5.9 billion, and fee revenue increased 42% to $2.8 billion in local currency [15][17] - Adjusted EBITDA of $622 million represented an increase of 50% from the prior year, with adjusted EBITDA margin expanding from 21.3% to 22.4% in local currency [16] - Full year consolidated revenue rose 15% to €19.4 billion, and fee revenue increased 31% to €8.1 billion in local currency [17][18] Business Line Data and Key Metrics Changes - Leasing and capital markets businesses recorded growth of 68% and 62% respectively [15] - Real estate services fee revenue increased 42%, driven by strength in the Americas and transaction-based revenues globally [23] - Americas capital markets fee revenue grew 75% over the prior year quarter, and leasing fee revenue growth was 74% [27][29] Market Data and Key Metrics Changes - All three global regions registered positive net absorption in the office market for the first time since the onset of the pandemic [10] - Asia-Pacific office leasing volumes have recovered to 2019 levels, while Europe and the U.S. remain slightly below 2019 levels [10] - In the U.S., fourth quarter office leasing volumes were down 23% compared to pre-pandemic levels, but improved from a 44% decline two quarters ago [11] Company Strategy and Development Direction - The company announced a new reporting structure that will align external reporting with internal management, transitioning to five key business line segments [8][48] - The focus remains on investing in technology and attracting top talent to drive market share gains [59] - The company is committed to returning capital to shareholders while investing in business growth [19][42] Management's Comments on Operating Environment and Future Outlook - The global economic trends and positive investor sentiment provide a favorable market backdrop for continued growth [52] - Labor markets are tight, and inflation is expected to remain high in 2022, impacting compensation costs [53][54] - The company remains optimistic about achieving sustained growth and creating shareholder value in the coming years [55] Other Important Information - The company generated nearly $800 million of free cash flow in 2021, reflecting a cash conversion ratio of approximately 80% [22] - The Board has authorized a new $1.5 billion share repurchase program [19] Q&A Session Summary Question: Market share trends relative to the industry - The company has gained additional market share, particularly in leasing, and continues to invest in technology and talent to drive further gains [59] Question: Details on the Building Engines acquisition - The acquisition aims to integrate various applications for building management, enhancing operational efficiency for clients [61] Question: Expectations around 2022 equity earnings in LaSalle incentive fees - Equity earnings for LaSalle are expected to be lower than 2021 levels, with historical averages providing context for future expectations [66][70] Question: Free cash flow generation in 2021 - Free cash flow was impacted by changes in working capital, but overall cash flow generation was strong compared to 2020 [75] Question: Capital markets and leasing fee revenue growth expectations for 2022 - The company expects strong growth momentum, particularly in the U.S., but refrains from specific forecasts due to recent geopolitical events [78] Question: Share buyback activity in the fourth quarter - The company repurchased over $150 million in shares in the fourth quarter and plans to continue share repurchases in 2022 [81] Question: Changes in financial reporting and implications - The changes reflect the evolution of the business and will not alter the definitions of adjusted EBITDA or adjusted EPS [83]
Jones Lang LaSalle(JLL) - 2021 Q4 - Earnings Call Presentation
2022-02-28 17:24
Earnings Presentation Fourth Quarter 2021 February 28, 2022 Cautionary Note Regarding Forward-looking Statements Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside ...
Jones Lang LaSalle(JLL) - 2021 Q3 - Quarterly Report
2021-11-03 18:00
Or 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, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 (State or ot ...
Jones Lang LaSalle(JLL) - 2021 Q3 - Earnings Call Transcript
2021-11-03 15:52
Jones Lang LaSalle, Inc. (NYSE:JLL) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Christopher Stent - Executive MD, IR & Corporate Finance Christian Ulbrich - Chairman, President, CEO & Director Karen Brennan - CFO Conference Call Participants Anthony Paolone - JPMorgan Chase & Co. Stephen Sheldon - William Blair & Company Jade Rahmani - KBW Patrick O'Shaughnessy - Raymond James & Associates Operator Good morning. And at this time, I would like to welcome everyone to the ...
Jones Lang LaSalle(JLL) - 2021 Q2 - Earnings Call Presentation
2021-08-05 17:27
Earnings Presentation Second Quarter 2021 08/04/2021 Cautionary Note Regarding Forward-looking Statements Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, including but not limited to, the material ...
Jones Lang LaSalle(JLL) - 2021 Q2 - Earnings Call Transcript
2021-08-05 04:56
Jones Lang LaSalle, Inc. (NYSE:JLL) Q2 2021 Earnings Conference Call August 4, 2021 9:00 AM ET Company Participants Chris Stent - Executive MD, IR & Corporate Finance Christian Ulbrich - Chairman, President, CEO & Director Karen Brennan - CFO Conference Call Participants Stephen Sheldon - William Blair & Company Anthony Paolone - JPMorgan Chase & Co. Jade Rahmani - KBW Patrick O'Shaughnessy - Raymond James & Associates Operator Good morning. At this time, I would like to welcome everyone to the John Lang La ...
Jones Lang LaSalle(JLL) - 2021 Q2 - Quarterly Report
2021-08-04 18:05
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, 2021 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 Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 (State or other j ...