Newmark (NMRK) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 11:30 AM CDT 20 min read

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DATE

Thursday, April 30, 2026 astatine 11:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Barry Gosin

• Chief Financial Officer — Michael Rispoli

• Head of Investor Relations — Jason McGruder

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Full Conference Call Transcript

Jason McGruder: Thank you, operator. Good morning. Newmark issued its archetypal 4th 2026 fiscal results property merchandise earlier today. Unless different stated, the results provided connected today's telephone comparison lone the 3 months ending March 31, 2026, with the twelvemonth earlier period, but arsenic noted -- arsenic different specified, we volition beryllium referring to our results lone connected a non-GAAP basis, including the presumption adjusted earnings, adjusted EBITDA and adjusted escaped currency flow. Unless different stated, immoderate figures discussed contiguous with respect to currency travel from operations, notation to nett currency provided by operating activities, excluding the interaction of GSE FHA indebtedness origination and sales.

We whitethorn besides usage the word currency generated by the business, which is that aforesaid operating currency travel measurement earlier the interaction of currency utilized for worker loans. Please notation to today's property release, the supplemental tables successful the quarterly results presumption connected our website for implicit and updated definitions of immoderate non-GAAP terms, reconciliations of these items to the corresponding GAAP results and how, erstwhile and wherefore absorption uses them. For further accusation connected the currency travel measures arsenic good arsenic applicable manufacture oregon economical statistics. The outlook discussed contiguous excludes the imaginable interaction of immoderate aboriginal acquisitions and assumes nary worldly changes to Newmark's banal terms compared with yesterday's close.

Our expectations are taxable to alteration based connected assorted macroeconomic, social, governmental and different factors. None of our targets oregon goals beyond 2026 should beryllium considered ceremonial guidance. Also punctual you that accusation connected this telephone contains forward-looking statements, including, without limitation, statements concerning our economical outlook and business. Such statements are taxable to risks and uncertainties, which could origin our existent results to disagree from expectations. Except arsenic required by law, we undertake nary work to update immoderate forward-looking statements.

For a implicit treatment of risks and different factors that whitethorn interaction these forward-looking statements, spot our SEC filings, including, but not constricted to, the hazard factors and disclosures regarding forward-looking accusation successful our astir caller SEC filings, which are incorporated by reference. I'm present blessed to crook the telephone implicit to our big and Chief Executive Officer, Barry Gosin.