Newmark Group Inc (NAS:NMRK)
$ 15.48 -0.15 (-0.96%) Market Cap: 2.63 Bil Enterprise Value: 4.85 Bil PE Ratio: 51.60 PB Ratio: 2.22 GF Score: 72/100
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Q3 2020 Newmark Group Inc Earnings Call Transcript

Nov 05, 2020 / 03:00PM GMT
Release Date Price: $5.59 (+13.04%)
Operator

Good morning and welcome to the Newmark Group, Inc. Reports Third Quarter 2020 Financial Results Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Mr. Jason Harbes, Head of Investor Relations. Please go ahead.

Jason Edward Harbes
Newmark Group, Inc. - VP of IR

Thank you, and good morning. We issued our Third Quarter 2020 Financial Results Press Release and a presentation summarizing these results this morning. The results provided on today's call compare only the third quarter of 2020 with the year-earlier period. Any figures with respect to cash flow from operations, discussed on today's call refer to net cash provided by operating activities, excluding loan originations and sales. We will be referring to our results on this call only on an adjusted earnings basis unless otherwise stated. We may also refer to adjusted EBITDA.

Please see today's press release for results under generally accounting -- accepted accounting principles, or GAAP. Please see the sections in the

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