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Mar 31, 2024
JLL Q1 2024 Earnings Report
JLL's first quarter performance in 2024 was marked by revenue growth and improved profitability, driven by resilient and transactional business lines, along with cost mitigation actions.
Key Takeaways
JLL reported a strong start to 2024, with revenue up 9% in local currency, driven by growth in both resilient and transactional business lines. The company's cost actions over the last year allowed for meaningful improvement in profitability. Diluted earnings per share were $1.37, up from a loss of $0.19 last year, and adjusted diluted earnings per share were $1.78, up from $0.71.
First-quarter revenue was $5.1 billion, up 9% in local currency.
Resilient revenues collectively increased 12% in local currency and Transactional revenues collectively increased 1% in local currency.
Work Dynamics achieved double-digit growth, highlighted by continued momentum in Workplace Management from recent wins.
Bottom-line improvement reflected revenue growth and the benefit of cost mitigation actions.
JLL
JLL
JLL Revenue by Segment
Revenue by Segment
Real Estate Management Services Revenue
CapyFin.comLeasing Advisory Revenue
CapyFin.comCapital Markets Services Revenue
CapyFin.comSoftware and Technology Solutions Revenue
CapyFin.com Forward Guidance
Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income