Welcome to our dedicated page for Re Max Hldgs news (Ticker: RMAX), a resource for investors and traders seeking the latest updates and insights on Re Max Hldgs stock.
RE/MAX Holdings, Inc. reports news about its franchise-based real estate and mortgage brokerage businesses. The company operates through the REMAX real estate brokerage brand and the Motto Mortgage brokerage franchise brand, with recurring updates on financial results, franchise network activity, brokerage affiliations, agent productivity, brand programs and housing-market reports.
Company announcements also cover material agreements, listing and technology initiatives, industry conferences, governance matters and capital-structure disclosures. News about RMAX is tied to residential real estate transaction trends, franchise recruiting and retention, mortgage brokerage expansion and the operating performance of its real estate, mortgage and marketing fund activities.
RE/MAX Holdings reported a robust full-year 2021 with total revenue rising 23.9% to $329.7 million, driven by 11.8% organic growth, 9.8% acquisitions, and 1.1% from currency movements. Despite a net loss of $15.6 million, Adjusted EBITDA grew 29.3% to $119.7 million. The agent count increased 3.1% to 141,998. Looking ahead, RE/MAX anticipates revenue between $366.0 million and $376.0 million for 2022. The company also authorized a $100 million stock repurchase program, reflecting confidence in financial stability.
RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 16, 2022, to shareholders on record by March 4, 2022. The CFO, Karri Callahan, emphasized the company's commitment to returning capital to shareholders while pursuing growth and generating free cash flow. RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices. The company continues to evaluate its capital deployment strategies to enhance shareholder value.
RE/MAX, LLC has successfully closed the sale of Master Franchise Rights in Kazakhstan and Uzbekistan, marking its first entry into Central Asia. The agreements were signed with local entrepreneurs Batjargal Bazarsuren and Safa Karaduman. This move is part of RE/MAX's broader strategy to expand into the Euro-Caucasus Region, enhancing its global footprint. The franchise aims to improve the local real estate markets by introducing higher standards and ethical practices, aiming to cater to the growing economies of these nations.
Summary not available.
On February 14, 2022, RE/MAX announced the addition of three companies to its Approved Supplier program, enhancing resources for agents in the U.S. and Canada. The new suppliers are Brokerage Engine, which provides an all-in-one back-office platform; Exposio, offering AI-driven HDR photography solutions; and PropTexx, specializing in AI-enhanced property marketing tools. These suppliers present exclusive discounts on various services, empowering RE/MAX agents to optimize their business operations and improve client service.
RE/MAX announced its 2022 R4 convention, scheduled from February 28 to March 2 in Las Vegas. The event aims to equip brokers and agents with innovative strategies, featuring prominent speakers including Nick Bailey, Adam Contos, and Luvvie Ajayi Jones. Attendees can participate in pre-conference sessions starting February 26, focusing on skill enhancement and certification opportunities. RE/MAX, with over 140,000 agents globally, emphasizes its leadership in residential transactions, maintaining a strong community presence through charitable efforts.
RE/MAX Holdings, Inc. (NYSE:RMAX) will release its financial results for the fourth quarter and full year ended December 31, 2021, on February 23, 2022, post-market close. A subsequent conference call will take place on February 24, 2022, at 8:30 a.m. Eastern Time. Investors can access the webcast and register in advance for the telephonic call. RE/MAX, a leader in real estate franchising with over 140,000 agents globally, also operates Motto Mortgage, expanding its reach in the mortgage sector with over 175 offices in nearly 40 states.
Summary not available.
Summary not available.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced the impending departure of CEO Adam Contos, effective March 31, 2022, to focus on family and new ventures. Stephen Joyce, a Board member, will serve as interim CEO starting March 1, 2022, ensuring a smooth transition. The Board plans to establish a CEO search committee for a permanent replacement. Additionally, RE/MAX appointed Nick Bailey and Ward Morrison as CEOs of RE/MAX and Motto Mortgage, respectively. The Board also authorized a $100 million share repurchase program, reflecting confidence in the company's strategic growth and financial health.