Jones Lang LaSalle (JLL) Tops Q2 EPS by 28c, Beats on Revenues

Jones Lang LaSalle (NYSE: JLL) reported Q2 EPS of $1.82, $0.28 better than the analyst estimate of $1.54. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.69 billion.

• Diversified revenue increases and strong operating results for the second quarter of 2017, resulting in diluted earnings per share of $1.71 and adjusted diluted earnings per share1 of $1.82.
• Revenue up 14 percent to $1.8 billion; fee revenue1 up 14 percent to $1.5 billion
• Broad-based Real Estate Services revenue growth, balanced organic and M&A
• Robust leasing and capital markets performance against solid market fundamentals
• Corporate Solutions revenue growth fueled by M&A and cross-selling success
• Margins reflect organic growth more than offset by anticipated decline in LaSalle incentive fees and ongoing M&A integration
• Operating cash flows strengthened, driven by improved working capital management
• Issuance of €350 million fixed-rate senior unsecured notes extends debt maturity profile at favorable rates

For earnings history and earnings-related data on Jones Lang LaSalle (JLL) click here.

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