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 2023 Newmark Group Inc Earnings Call Transcript

Nov 01, 2023 / 02:00PM GMT
Release Date Price: $6.51 (+14.81%)
Operator

Good day, and welcome to the Newmark Group 3Q '23 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Jason McGruder, Head of IR. Please go ahead.

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

Thank you, operator, and good morning. Newmark issued its third quarter 2023 financial results press release and presentation this morning. Unless otherwise stated, the results provided on today's call compare only the 3 months ended September 30, 2023, for the year earlier period. Except as otherwise specified, we will be referring to our results only on a non-GAAP basis, which includes the terms adjusted earnings and adjusted EBITDA. Please refer to the section in today's press release for complete and/or updated definitions of any non-GAAP terms, reconciliation of these items to the corresponding GAAP results and how, when and why management may use them. Unless otherwise stated, any figures discussed today with respect to cash flow from operations refer to net cash provided by operating activities, excluding

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