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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Q2 2022 Newmark Group Inc Earnings Call Transcript

Jul 29, 2022 / 02:00PM GMT
Release Date Price: $11.4 (-2.56%)
Operator

Greetings, and welcome to the Newmark Group Second Quarter 2022 Financial Results Call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Jason McGruder, Head of Investor Relations for Newmark Group. Please go ahead.

Jason A. McGruder
Newmark Group, Inc. - Head of IR

Thank you, operator, and good morning. Newmark issued its second quarter 2022 financial results press release and a presentation summarizing these results this morning. The results provided on today's call compare only the second quarter of 2022 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 origination and sales, as well as the impact of the 2021 Equity Event.

We will be referring to our results on this call only on a non-GAAP basis, unless otherwise stated. These non-GAAP terms include adjusted earnings and adjusted EBITDA. Please see the section of

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