TSX:CIGI - Post Discussion
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Betteryear2 on May 02, 2024 9:43am
Colliers Reports First Quarter Results
TORONTO, May 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the first quarter ended March 31, 2024. All amounts are in US dollars.
For the seasonally slow first quarter ended March 31, 2024, revenues were $1.0 billion, up 4% (4% in local currency) and Adjusted EBITDA (note 1) was $108.7 million, up 4% (4% in local currency) versus the prior year quarter. Adjusted EPS (note 2) was $0.77, relative to $0.86 in the prior year quarter. First quarter Adjusted EPS was not significantly impacted by changes in foreign exchange rates. The GAAP operating earnings were $43.3 million as compared to $22.1 million in the prior year quarter. The GAAP diluted net earnings per share were $0.26 relative to diluted net loss per share of $0.47 in the prior year quarter. The first quarter GAAP diluted net earnings per share were not significantly impacted by changes in foreign exchange rates.
Colliers Reports First Quarter Results (globenewswire.com)
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