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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Q1 2023 Newmark Group Inc Earnings Call Transcript

May 05, 2023 / 02:00PM GMT
Release Date Price: $5.85 (-1.02%)
Operator

Good day, and welcome to the Newmark First Quarter '23 Earnings Call. Today's conference is being recorded. (Operator Instructions)

And at this time, I'd like to turn the conference over to Jason McGruder, Head of Investor Relations. Please go ahead, sir.

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

Thank you for your patience as we dealt with some technical difficulties on the vendor in. But also thank you, operator, and Good morning. Newmark issued its first quarter 2023 financial results press release and a presentation summarizing these results this morning. Unless otherwise stated, the results provided on today's call compare only to 3 months ending March 31, 2023, in the year-earlier period. Unless otherwise stated, we will be preparing for results only on a non-GAAP basis. which terms include adjusted earnings, adjusted EBITDA. Please refer to the section in today's press release for complete and/or updated definitions of any non-GAAP terms, reconciliations of these terms to the corresponding GAAP results and how, when and why management

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