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Dec 31, 2021
RE/MAX Q4 2021 Earnings Report
RE/MAX's Q4 2021 results were reported, showing revenue growth driven by organic expansion and strategic acquisitions.
Key Takeaways
RE/MAX Holdings reported a strong fourth quarter with a 23.1% increase in total revenue to $89.2 million, driven by organic growth and the acquisition of RE/MAX INTEGRA North American regions. Net income attributable to RE/MAX Holdings was $3.1 million, with an adjusted EPS of $0.60. The company's agent count increased, and Motto Mortgage saw record office openings.
Total revenue increased by 23.1% to $89.2 million.
Net income attributable to RE/MAX Holdings was $3.1 million.
Adjusted EBITDA increased by 30.7% to $31.1 million.
Adjusted EPS was $0.60.
Forward Guidance
RE/MAX Holdings provided its outlook for Q1 and full year 2022, assuming no further currency movements, acquisitions, or divestitures.
Positive Outlook
- Agent count to increase 1.5% to 2.5% over first quarter 2021
- Revenue in a range of $88.0 million to $92.0 million (including revenue from the Marketing Funds in a range of $22.0 million to $24.0 million)
- Adjusted EBITDA in a range of $25.0 million to $28.0 million
- Agent count to increase 2.0% to 4.0% over full-year 2021
- Revenue in a range of $366.0 million to $376.0 million (including revenue from the Marketing Funds in a range of $91.5 million to $95.5 million)
Challenges Ahead
- Outlook assumes no further currency movements
- Outlook assumes no further acquisitions
- Outlook assumes no further divestitures
- Adjusted EBITDA in a range of $130.0 million to $135.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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