Anywhere Real Estate Inc. (HOUS) Q3 2025 Earnings Call Prepared Remarks Transcript

Core Viewpoint - Anywhere Real Estate and Compass have announced a definitive merger agreement in an all-stock transaction, expected to close in the second half of 2026, pending shareholder and regulatory approvals [3]. Group 1: Merger Details - The merger between Compass and Anywhere is anticipated to close in the second half of 2026, subject to shareholder approval and customary closing conditions [3]. - The company is suspending its forward guidance due to the pending merger and will not provide updates on prior guidance, but will continue to share updates on achieving a $100 million cost savings target [3]. Group 2: Financial Reporting Adjustments - Deal-related expenses will be excluded from operating EBITDA and categorized under restructuring and merger-related costs [4]. - Employee noncash stock-based compensation is added back to operating EBITDA, while cash-settled compensation expenses are not included [4].