Re Max Hldgs Inc Stock Price, News & Analysis

RE/MAX hosted its 2020 Broker Owner Conference virtually on August 17-18, attracting nearly 2,000 leaders from 45 countries. The event, themed 'One World, One RE/MAX,' featured significant discussions led by CEO Adam Contos, emphasizing adaptations amid COVID-19. Contos introduced new marketing tools, professional development courses, and a technology portal named RE/MAX Marketplace. The conference also focused on diversity and inclusion, culminating in a dialogue with activist Baratunde Thurston. Additionally, the next conference is scheduled for Austin, TX, on August 8-10, 2021.

RE/MAX Holdings reported a total revenue of $52.2 million for Q2 2020, down 26.9% from Q2 2019, mainly due to COVID-19 financial support initiatives. Net income decreased to $3.5 million with GAAP EPS at $0.19, down from $0.48. Agent count rose 3.8% to 131,905, but U.S. and Canada combined count fell 1.4%. Adjusted EBITDA was $18.9 million with a margin of 36.2%. The company declared a quarterly dividend of $0.22 per share, payable September 2, 2020.

RE/MAX, LLC has appointed Amy Lessinger as Vice President of Business Growth for the West Region, effective immediately. With over 20 years of experience in the RE/MAX network, Lessinger was a successful Broker/Owner and built a high-performing team in Northern Nevada. She aims to enhance recruiting and retention strategies in her new role. Kevin Northrup has also been named Vice President for the Northeast Region. These leadership changes signal RE/MAX's commitment to strengthening its operational structure and business growth strategies across various regions.

RE/MAX Holdings, Inc. (NYSE: RMAX) announced a quarterly cash dividend of $0.22 per share of Class A common stock. The dividend is payable on September 2, 2020, to shareholders of record by August 19, 2020. RE/MAX, a leading real estate franchisor, operates globally with over 130,000 agents across more than 110 countries. Founded in 1973, the company has also launched Motto Mortgage, which has expanded to over 100 offices in more than 30 states. The firm remains committed to innovation in the industry while navigating ongoing challenges from the COVID-19 pandemic.

RE/MAX Holdings, Inc. (NYSE: RMAX) will release its financial results for the quarter ending June 30, 2020, after market close on August 6, 2020. A conference call will be hosted on August 7, 2020, at 8:30 a.m. Eastern Time. RE/MAX is a global franchisor in real estate, with over 130,000 agents in more than 110 countries. The company also operates Motto Mortgage, which has expanded to over 100 offices across 30 states since its launch in 2016. Investors can access the call via a registration link or through the Investor Relations website.

On June 23, 2020, RE/MAX announced a distinguished lineup of keynote speakers for its virtual Broker Owner Conference (BOC) scheduled for August 17-18, 2020. Notable speakers include former NFL quarterback Joe Theismann, entrepreneur Scott Stratten, and activist-comedian Baratunde Thurston, each sharing insights on business success amidst change. The conference aims to foster connection among RE/MAX brokers in over 110 countries, featuring interactive elements through the Intrado platform. Early registration is priced at $99, increasing to $129 after July 13.