- Headquarters: Denver, CO
- Founded: 1973
- http://www.remax.com
RE/MAX Holdings postpones Q3 Earnings pending special internal investigation; remains confident in its strategy and long-term business plan
- Today announced the Company will delay its third quarter 2017 earnings release and conference call pending further work in connection with the internal investigation and allegations concerning actions of certain members of the Company's senior management including an allegation of a previously undisclosed loan of personal funds from David L. Liniger, the Company's Co-Chief Executive Officer and Chairman, to Adam M. Contos, the Company's Co-Chief Executive Officer, and allegations of wrongdoing in employment practices and conduct. These matters could constitute violations of the Company's codes of ethics and business conduct and policies The Company remains confident in its strategy and long-term business plan. The Company's total agent count grew 5.7% year-over-year to 117,568 agents as of September 30, 2017, and it recently sold its 50th Motto Mortgage franchise inception to date. Additionally, the Company expects to achieve its previously announced revenue guidance for the quarter ended September 30, 2017.
- The Company remains confident in its strategy and long-term business plan. The Company's total agent count grew 5.7% year-over-year to 117,568 agents as of September 30, 2017, and it recently sold its 50th Motto Mortgage franchise inception to date. Additionally, the Company expects to achieve its previously announced revenue guidance for the quarter ended September 30, 2017, despite waiving approximately $1.7 million of certain fees for hurricane-impacted associates during the third quarter.
Key stats and ratios
| Q2 (Jun '17) | 2016 | |
| Net profit margin | 32.03% | 27.12% |
| Operating margin | 46.70% | 40.61% |
| EBITD margin | - | 48.38% |
| Return on average assets | 14.32% | 11.65% |
| Return on average equity | 6.45% | 4.98% |
| Employees | 344 |
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