NYSE$JLL

Jones Lang Lasalle Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

JLL reported solid results for the first quarter of 2020, with record revenue and fee revenue performance offsetting the impact of COVID-19.

JLL's operations were disrupted by the COVID-19 pandemic, with offices in China closing in January and over 90% of global office-based employees working remotely by the end of March. Despite this, the company achieved strong consolidated RES revenue and fee revenue growth, driven by the Americas segment. Net income attributable to common shareholders was $5.3 million, and adjusted EBITDA was $95.6 million.

  • Record consolidated revenue of $4.1 billion and fee revenue of $1.5 billion, increased 9% and 15%, respectively.
  • Americas Leasing extended impressive trend of quarterly growth.
  • Organic RES fee revenue growth of 5% despite COVID-19 challenges.
  • Capital Markets showed platform strength and reflected excellent progress on HFF integration.

Headline financials

Total Revenue

$4.1B

Previous: $3.82B+7.2%
EPS (adj)

$0.49

Previous: $0.89-44.9%
Adjusted EBITDA

$95.6M

No prior period
Free Cash Flow

$5.3M

Previous: $5.7M-7.0%
Net Income

$5.3M

Previous: $21.3M-75.1%
Operating Income

$64.6M

Previous: $25.4M+154.3%
Gross Profit

$4.1B

Previous: $3.82B+7.2%
Cash & Equivalents

$721M

Previous: $390M+85.0%
Total Assets

$13.9B

Previous: $10.6B+31.7%
Stock-Based Comp

$11.2M

No prior period

Revenue & EPS history

JLL · Revenue · Quarterly

$4.1B

Q1 2020+7.2%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

JLL · $835M total across 2 segments · Q1 2020

  • Leasing Advisory
    $492M
  • Capital Markets Services
    $342M

Forward guidance

Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and dividend payments may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.2%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

66%

45 / 68 earnings

Positive

+15.9%

Q3 2023

Best reaction

-14.6%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-6.1%-16.7%
Q4 2025+9.8%+6.1%+2.4%
Q3 2025-3.8%+0.2%+9.6%
Q1 2025-0.6%+4.6%+0.1%
Q4 2024-0.9%-6.4%-11.2%
Q3 2024-5.1%-2.4%-0.9%
Q2 2024-0.9%+2.7%+7.5%
Q1 2024+2.6%+5.6%+7.8%
Q4 2023+0.4%+4.3%+5.5%
Q3 2023+15.9%+11.2%+23.5%
Q2 2023+1.7%+5.8%+6.2%
Q1 2023+0.8%-1.5%+10.0%
Q4 2022+4.2%+3.3%-16.1%
Q3 2022-14.6%-9.3%+3.0%
Q2 2022-5.1%-3.7%-8.0%
Q1 2022-4.0%-3.9%-8.3%
Q4 2021+0.8%-8.4%-0.3%
Q3 2021+1.9%+4.3%-6.8%
Q2 2021+12.5%+12.2%+10.2%
Q1 2021+1.1%+5.0%+6.0%
Q4 2020-1.5%-0.6%+11.8%
Q3 2020+2.1%+3.4%+19.8%
Q2 2020-1.5%+9.6%+7.2%
Q1 2020-4.5%+3.1%+15.4%
Q4 2019-1.3%-0.7%-29.1%
Q3 2019+4.6%+7.1%+11.6%
Q2 2019+2.7%+4.7%+1.2%
Q1 2019-6.8%-8.6%-14.2%
Q4 2018+11.9%+12.8%+10.6%
Q3 2018+5.4%+1.5%+0.2%
Q2 2018-9.1%-13.3%-15.5%
Q1 2018+1.5%+0.2%-1.5%
Q4 2017+2.8%+3.7%+17.2%
Q3 2017+6.7%+9.2%+11.9%
Q2 2017-1.4%-1.2%-3.0%
Q1 2017+4.7%+3.1%+0.7%
Q4 2016+0.4%+2.1%+9.2%
Q3 2016-8.1%-4.1%+4.3%
Q2 2016+5.5%+6.7%+5.8%
Q1 2016+2.1%
Q4 2015-12.4%
Q3 2015+9.6%
Q2 2015+3.0%
Q1 2015+3.1%
Q4 2014+8.5%
Q3 2014+2.7%
Q2 2014+0.6%
Q1 2014-0.2%
Q4 2013+7.2%
Q3 2013+13.0%
Q2 2013-3.6%
Q1 2013-0.4%
Q4 2012+0.7%
Q3 2012+3.4%
Q2 2012-2.8%
Q1 2012+6.4%
Q4 2011-0.9%
Q3 2011+1.2%
Q2 2011-14.4%
Q1 2010+0.2%
Q1 2011+5.0%
Q4 2010+4.0%
Q4 2008+4.0%
Q3 2010+1.4%
Q3 2009+1.4%
Q2 2010+2.1%
Q4 2009+2.1%
Q2 2009+2.1%

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