RE/MAX Holdings (RMAX) Reports Q3 EPS of $0.46

RE/MAX Holdings (NYSE: RMAX) reported Q3 EPS of $0.46, versus $0.43 reported last year. Revenue for the quarter came in at $45.1 million versus the consensus estimate of $40.31 million.

Highlights:

• Agent count grew by 6.0% to 103,491 agents
• Revenue grew by 2.0% to $45.1 million
• Operating Income grew by 3.5% to $20.6 million
• Adjusted EBITDA1 of $25.1 million, up 7.5%
• Adjusted EBITDA1 margin of 55.7%, up from 52.8%
• Adjusted basic and diluted earnings per share1 ("EPS") of $0.46
• Declared quarterly dividend of $0.125 per share
• Raising full-year 2015 agent count growth outlook to 5.6% to 5.8% from 5.0% to 5.5%
• Raising full-year 2015 Adjusted EBITDA margin outlook to 50.0% to 51.0% from 49.0% to 50.0%

"Our global network of highly productive agents continues to grow, gaining nearly 5,500 agents in the first nine months of the year, our best agent growth on an absolute and percentage basis in the last ten years," stated Dave Liniger, Chief Executive Officer and Co-Founder of RE/MAX. "We continue to see positive indicators in our industry and our business even as we enter the slower part of the year for the housing market. We are raising our full-year agent growth outlook to 5.6% to 5.8% over 2014 due to our solid franchise sales results, our continued ability to attract agents to the RE/MAX network and the sustained growth of the housing market."

For earnings history and earnings-related data on RE/MAX Holdings (RMAX) click here.

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