Re Max Hldgs Inc Stock Price, News & Analysis

RE/MAX Holdings, Inc. (NYSE: RMAX) announced that CFO Karri Callahan and CEO of Motto Franchising, Ward Morrison, will speak at the 2022 Stephens Investment Conference on November 15, 2022, at 1:00 p.m. CST. The conference will include a Fireside Chat, with a live webcast and replay available at the company's investor page. Founded in 1973, RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices across 110 countries. It also introduced Motto Mortgage in 2016, the first national mortgage brokerage franchise in the U.S.

RE/MAX Holdings reported total revenue of $88.9 million for Q3 2022, a 2.3% decrease from Q3 2021. Revenue excluding marketing funds fell 2.2% to $66.2 million, driven by 4.9% negative organic growth. However, adjusted EBITDA was $31.5 million, reflecting a 9.5% decrease. Despite these challenges, the agent count increased by 2.4% to 144,300. The company also accelerated its share buyback program, repurchasing 507,980 shares for $11.9 million. A quarterly dividend of $0.23 per share was approved, payable on November 30, 2022.

RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share, to be paid on November 30, 2022. Shareholders of record as of the close of business on November 16, 2022 will receive this dividend. RE/MAX continues to strengthen its position as a leading franchisor in real estate and mortgage brokerage, with over 140,000 agents across nearly 9,000 offices globally. The company emphasizes innovation in the real estate sector while managing risks, including potential impacts from market fluctuations and the ongoing pandemic.

RE/MAX, LLC announced the promotion of Shawna Gilbert to Senior Vice President of Global Development as of October 21, 2022. Gilbert will oversee RE/MAX Commercial, which operates with 11,000 brokers across over 80 countries, closing $19 billion in transactions in 2021. Her role focuses on supporting RE/MAX affiliates globally, fostering collaboration among nearly 60,000 regional owners and agents. Gilbert has been with RE/MAX since 2010, previously serving as Vice President of Global Development. She reports to Mike Reagan, Senior Vice President of Industry Relations and Global Growth.

RE/MAX has announced the promotion of Sandy Jamison to Vice President of Region Development for the Northeast, overseeing operations across 14 states and Washington, D.C. Jamison's leadership will focus on enhancing regional brokerage support and growth strategies, including mergers and acquisitions. With a background in franchise development and a tenure beginning in 2011, she previously served as Area VP for the West Region. This move aligns with RE/MAX's initiative to accelerate profitable growth through strategic mergers and conversions.

RE/MAX Holdings, Inc. (NYSE:RMAX) will publish its financial results for the quarter ending September 30, 2022, on November 3, 2022, after market close. A conference call is scheduled for November 4, 2022, at 8:30 a.m. ET. Investors can register for the call and access the webcast via the Investor Relations website. RE/MAX, a leader in real estate franchising, boasts over 140,000 agents in nearly 9,000 offices across 110 countries. The company also operates Motto Mortgage, with over 200 offices in the U.S.

RE/MAX Holdings, Inc. (NYSE:RMAX) has appointed Grady Ligon as Chief Information Officer, bringing over 20 years of technology expertise. Ligon's previous roles include CIO at notable companies such as Fathom Realty and Berkshire Hathaway HomeServices. His leadership is anticipated to enhance the technological capabilities across RE/MAX and Motto Mortgage's platforms. This strategic move aligns with recent tech developments including a partnership to launch MAX/Tech Powered by kvCORE. The company aims to maintain a competitive edge and maximize value for all stakeholders as it navigates the evolving real estate landscape.