Anywhere Real Estate Inc. reported financial results for Q1 2024. Revenue remained flat year-over-year at $1.1 billion. The company realized cost savings of approximately $30 million and is on track to deliver at least $100 million for the full year. The company reported a net loss of $101 million.
Revenue of $1.1 billion, flat year-over-year.
Combined closed transaction volume increased 2% year-over-year.
Sotheby’s International Realty brand saw closed transaction volume up 7% year-over-year.
Realized cost savings of approximately $30 million and on track to deliver at least $100 million for the full year.
The Company expects to realize cost savings of at least $100 million in 2024. The Company expects our operating Free Cash Flow excluding one-time items to be modestly positive in 2024.
Visualization of income flow from segment revenue to net income
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