- Q2 adjusted EBITDA of $24.2M up 13.7% from a year ago. Adjusted EBITDA margin of 57.2% up 300 basis points. Adjusted net income of $13.4M or $0.45 per share up 25.4%.
- Agent count of 96,089, up 4,280 or 4.7% from a year ago.
- Revenue of $42.3M up 7.8%. Continuing franchise fees of $18M up 13.8%; annual dues of $7.6M up 8.5%; broker fees of $8M up 17.4%; franchise sales and other revenue of $4.6M flat.
- Full-year outlook: Agent count to increase by 4-5% from 2013, revenue to increase by 6-7%; selling, operating, and administrative expenses are estimated at 52-54% of revenue; adjusted EBITDA margin of 47-49%.
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Conference call at 5 ET
- Previously: RE/MAX Holdings beats by $0.07
- Press release
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RMAX flat AH