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Newmark Group's (NMRK) CEO Barry Gosin on Q1 2018 Results - Earnings Call Transcript

May 06, 2018 12:22 PM ETNewmark Group, Inc. (NMRK)2 Comments
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Newmark Group (NASDAQ:NMRK) Q1 2018 Earnings Conference Call May 3, 2018 11:00 AM ET


Jason McGruder - IR

Howard Lutnick - Chairman

Barry Gosin - CEO

Mike Rispoli - CFO


Jade Rahmani - KBW

Alexander Goldfarb - Sandler

Pete Christiansen - Citi

David Ridley-Lane - Bank of America Merrill Lynch

Patrick O'Shaughnessy - Raymond James


Good morning. My name is Sharon and I will be your conference operator today. At this time, I would like to welcome everyone to the Newmark Group, Inc. First Quarter 2018 Financial Results Earnings call. [Operator Instructions]

Thank you. I'll now turn the call over to Jason McGruder, Head of Investor Relations. Sir, you may begin.

Jason McGruder

Good morning. We issued our first quarter 2018 financial results press release and a presentation summarizing our results this morning. You can find these documents at ir.ngkf.com.

Unless otherwise stated, the results provided on today's call compare only the first quarter of 2018 with the year earlier period. We'll be referring to results on this call only on an adjusted earnings basis, unless otherwise stated. We may also refer to adjusted EBITDA. Please see today’s press release for a result on the generally accepted accounting principles or GAAP. Please also see the section in the back of today’s press release for the complete definition of any such non-GAAP terms; reconciliation of these items to the corresponding GAAP results and how, when and why management uses them.

I also remind you that the information on the today's call regarding our business that are not historical facts are forward-looking statements within the meaning of Section 27A, the Securities Act of 1933 as amended and Section 21E of Securities Exchange Act of 1934 as amended. Such statements involve risks and uncertainties. Except as required by law, Newmark undertakes no obligation to

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