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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Q4 2020 Newmark Group Inc Earnings Call Transcript

Feb 18, 2021 / 03:00PM GMT
Release Date Price: $9.23 (+5.73%)
Operator

Good morning, my name is Matt, and I'll be the conference operator today. At this time, I would like to welcome everyone to the Newmark Fourth Quarter 2020 Earnings conference call. (Operator Instructions) I would now like to turn the call over to Jason Harbes, VP of Investor Relations. Sir, you may begin when you're ready.

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

Thank you, and good morning. We issued our fourth quarter and full year 2020 financial results press release and our presentation summarizing these results this morning. The results provided on today's call compare only the fourth quarter of 2020 with the year earlier period, unless otherwise stated. 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 accepted

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