Anywhere(HOUS)

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ERNIE CARSWELL & ASSOCIATES JOIN SOTHEBY'S INTERNATIONAL REALTY - BEVERLY HILLS BROKERAGE
Prnewswire· 2025-05-30 18:35
Company Overview - Sotheby's International Realty announced the addition of Ernie Carswell & Associates, a leading real estate team in Los Angeles, to its Beverly Hills Brokerage [1] - The team has achieved over $300 million in closed sales volume in 2023 and 2024 [1] - Carswell & Associates has a distinguished legacy in the luxury real estate market, consistently ranked among the "Top 1,000 Agent Teams in America" [1] Team Experience and Achievements - Ernie Carswell, with over 25 years of experience, is recognized as a top name in luxury real estate, with accolades from various prestigious publications [2] - The 15-member team has nearly 100 years of combined experience, specializing in high-end neighborhoods such as Beverly Hills and Bel Air [3] - Notable sales include the record-breaking $25 million sale of the USC president's mansion and the iconic "Brady Bunch" house [3] Strategic Benefits of the Affiliation - The partnership with Sotheby's International Realty provides access to sophisticated marketing resources and a global network across 85 countries [5] - Carswell & Associates will benefit from the prestigious Sotheby's brand heritage, enhancing their listings' exposure through exclusive marketing channels [5] - Sotheby's International Realty's Southern California operations reported over $4.2 billion in sales volume in 2024, indicating a strong market presence [4]
Anywhere Real Estate (HOUS) Conference Transcript
2025-05-20 17:00
Anywhere Real Estate (HOUS) Conference May 20, 2025 12:00 PM ET Speaker0 My name is Tommy McJoint with KBW Research, and we're pleased to be joined by Ryan Schneider, to talk about evolving residential markets. Ryan is the CEO and president of Anywhere Real Estate, which is a leading integrated full service provider of residential real estate services encompassing franchise, brokerage, relocation, title, settlement, and mortgage. Anywhere supported 950,000 home sale transaction sides last year, which repres ...
Anywhere to Participate in the KBW Virtual Real Estate Finance & Technology Conference
Prnewswire· 2025-05-15 20:37
MADISON, N.J., May 15, 2025 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, today announced that Chief Executive Officer and President Ryan Schneider will participate in the KBW Virtual Real Estate Finance & Technology Conference on Tuesday, May 20, 2025.'Evolving Resi Markets: A Conversation with Anywhere Real Estate', featuring Ryan Schneider, is scheduled for Tuesday, May 20, 2025 at 12:00 p.m. EST. The remarks will be webcast, with access inst ...
Coldwell Banker Realty Welcomes Top Producing Jacqueline Thompson Group to Its Newport Beach Office
Prnewswire· 2025-05-13 19:21
"Jacqueline is a force in coastal Orange County real estate — her discretion, market intelligence and ability to navigate complex, high-value transactions make her an exceptional fit for our Newport Beach office," said Debbie Lewandowski, manager of the Newport Beach office of Coldwell Banker Realty, the brokerage's No. 1 office nationwide. "She brings not only an impressive track record, but the trust of an elite clientele. We are proud to welcome her into our team of industry leaders, renowned for their m ...
Anywhere(HOUS) - 2025 Q1 - Quarterly Report
2025-05-07 20:18
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Anywhere Real Estate Inc. Anywhere Real Estate Group LLC (Exact name of registrant as specified in its chart ...
Anywhere(HOUS) - 2025 Q1 - Earnings Call Transcript
2025-04-29 17:29
Anywhere Real Estate (HOUS) Q1 2025 Earnings Call April 29, 2025 01:29 PM ET Speaker0 Good morning and welcome to the Anywhere Real Estate First Quarter twenty twenty five Earnings Conference Call via webcast. Today's call is being recorded and a written transcript will be made available in the Investor Information section of the company's website tomorrow. A webcast replay will also be made available on the company's website. At this time, I would like to turn the conference over to Anywhere Senior Vice Pr ...
Anywhere(HOUS) - 2025 Q1 - Earnings Call Presentation
2025-04-29 16:08
Earnings Call Q1 2025 1 Management Presenters Charlotte Simonelli Executive Vice President and Chief Financial Officer Alicia Swift Senior Vice President, Investor Relations and Treasury 2 Ryan Schneider Chief Executive Officer and President Certain financial measures, as used in this presentation, are supplemental measures of the Company's performance that are not Generally Accepted Accounting Principles ("GAAP") measures. Refer to slides 30-32 of this presentation and Tables 1a, 5, 6a, 6b, 7, 8a, 8b and 9 ...
Title Resources Group Welcomes New Executive
Prnewswire· 2025-04-29 14:00
"I'm excited to return to the TRG family and be part of a quality organization that values entrepreneurial thinking and a growth-oriented, innovative approach to servicing agents," said Juliann. As Senior Vice President, Regional Manager, Juliann will lead business development in the Alabama, Georgia and Mississippi markets, while overseeing growth initiatives in Florida. Juliann Hickey Juliann Hickey "We are thrilled to welcome Juliann to our leadership team to grow and nurture key areas of our Southeast c ...
Anywhere(HOUS) - 2025 Q1 - Earnings Call Transcript
2025-04-29 13:32
Anywhere Real Estate (HOUS) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Alicia Swift - Senior VP of Investor Relations & TreasuryRyan Schneider - CEO, President & DirectorCharlotte Simonelli - Executive VP & CFOAnthony Paolone - Executive DirectorJohn Campbell - Managing DirectorTommy McJoynt-Griffith - DirectorNick McAndrew - Equity Research Associate Conference Call Participants Matthew Bouley - Analyst Operator Good morning and welcome to the Anywhere Real Estate First Quarter t ...
Anywhere(HOUS) - 2025 Q1 - Quarterly Results
2025-04-29 11:32
Financial Performance - Generated Revenue of $1.2 billion, an increase of $78 million (7%) year-over-year[5] - Reported Net Loss of $78 million, an improvement of $23 million year-over-year; Adjusted Net Loss of $64 million improved $21 million versus Q1 2024[5] - Total revenues for Q1 2025 were $1,204 million, up from $1,126 million in Q1 2024, representing a 6.9% increase[27] - Gross commission income increased to $976 million in Q1 2025 from $907 million in Q1 2024, a rise of 7.6%[27] - Net loss attributable to Anywhere was $78 million in Q1 2025, an improvement from a net loss of $101 million in Q1 2024[27] - Adjusted net loss attributable to Anywhere for Q1 2025 was $64 million, compared to $85 million in Q1 2024, reflecting a 24.7% reduction[29] - Total Company net revenues for the three months ended March 31, 2025, were $1,204 million, a 7% increase from $1,126 million in the same period of 2024[49] - Operating EBITDA for the Total Company was $(1) million for the three months ended March 31, 2025, compared to $(13) million in the same period of 2024[49] Transaction Volume and Market Performance - Combined closed transaction volume increased 6% year-over-year, with units down about 4% and price up 11%[5] - Closed transaction volume for luxury brands increased approximately 16% year-over-year, significantly outperforming the market[5] - Closed homesale sides decreased by 5% to 137,089 in Q1 2025 from 144,775 in Q1 2024[37] - Closed homesale sides for Anywhere Brands - Franchise Group totaled 700,589 in 2024, with an average homesale price of $497,494[40] - The Owned Brokerage Group reported closed homesale sides of 249,421, with an average homesale price of $748,596 in 2024[40] - Average homesale price increased by 10% to $516,999 in Q1 2025 from $470,119 in Q1 2024[37] Cash Flow and Debt - Free Cash Flow of negative $130 million, improved from negative $145 million in 2024[5] - Cash and cash equivalents at the end of Q1 2025 were $110 million, down from $118 million at the end of 2024[33] - Total corporate debt was $2.6 billion at March 31, 2025, with a Senior Secured Leverage Ratio of 1.51x[13] - Current portion of long-term debt increased to $610 million in Q1 2025 from $490 million at the end of 2024[33] - The company reported a net cash used in operating activities of $105 million for Q1 2025, compared to $122 million in Q1 2024[35] - Free cash flow for Q1 2025 was $(130) million, compared to $(145) million in Q1 2024, indicating a slight improvement year-over-year[61] Revenue by Segment - The Franchise Group's revenue increased to $204 million in Q1 2025, up from $200 million in Q1 2024, reflecting a 2% growth[46] - The Owned Brokerage Group's revenue rose to $990 million in Q1 2025, an increase of $71 million or 8% from Q1 2024[46] - The Title Group's revenue for Q1 2025 was $78 million, a 10% increase from $71 million in Q1 2024[46] Cost Management and Restructuring - Realized cost savings of $14 million in Q1 2025, on track to deliver $100 million for the full year[5] - Restructuring costs for the Total Company amounted to $12 million in Q1 2025, compared to $11 million in Q1 2024[44] - Restructuring costs for the year totaled $32 million, with Q1 2024 accounting for $11 million of this total[59] Corporate Developments - The Company welcomed 11 new US franchisees and added two new international expansions in Q1 2025[5] Financial Metrics and Definitions - Operating EBITDA is presented as a supplemental measure to evaluate the performance of the company's operating businesses, providing greater transparency into results[71] - Adjusted net income (loss) is defined as net income (loss) before specific adjustments, including non-cash stock-based compensation and restructuring charges, to enhance transparency in operating results[73] - Free Cash Flow is defined as net income (loss) attributable to Anywhere before various expenses, and is used to evaluate operating effectiveness and resource allocation[74] - Free Cash Flow does not reflect changes in working capital needs or cash requirements for servicing debt, taxes, or future capital expenditures[75] - The company believes Operating EBITDA facilitates comparisons of operating performance across different companies by excluding non-core items[72] - Limitations of Operating EBITDA include its inability to reflect interest expense, income tax expense, and historical cash expenditures[75] - The company emphasizes that Free Cash Flow should not be considered in isolation or as an alternative to net income or other financial data prepared in accordance with GAAP[74] - Adjusted net income (loss) includes adjustments for legal contingencies and gains or losses on the sale of businesses, which are not related to normal operations[73] - The company uses Free Cash Flow as a measure of its ability to generate cash, which is critical for operational decisions[74] - Operating EBITDA should not be viewed as a substitute for net income or other GAAP measures, highlighting its limitations as an analytical tool[73]