Business
Colliers Reports First Quarter Results
Engineering delivers strong year-over-year gains and internal growth First quarter operat...
About this update from Colliers International Group Inc.
[{"type":"text","content":"Colliers Reports First Quarter Results\n\n\n\n\n Engineering delivers strong year-over-year gains and internal growth\n \n\n\n\n First quarter operating highlights:\n \n\n\n\n\n\n\n\n\n\n Three months ended\n \n\n\n\n\n\n\n\n\n\n March 31\n \n\n\n\n\n\n (in millions of US$, except EPS)\n \n\n\n\n\n\n 2025\n \n\n\n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Revenues\n \n\n\n\n $\n \n\n\n\n 1,141.2\n \n\n\n\n\n\n\n $\n \n\n 1,002.0\n \n\n\n\n\n Adjusted EBITDA (note 1)\n \n\n\n\n\n\n 116.0\n \n\n\n\n\n\n\n\n\n 108.7\n \n\n\n\n\n Adjusted EPS (note 2)\n \n\n\n\n\n\n 0.87\n \n\n\n\n\n\n\n\n\n 0.77\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n GAAP operating earnings\n \n\n\n\n\n\n 31.6\n \n\n\n\n\n\n\n\n\n 43.3\n \n\n\n\n\n GAAP diluted net earnings (loss) per share\n \n\n\n\n\n\n (0.08\n \n\n\n\n )\n \n\n\n\n\n\n\n 0.26\n \n\n\n\n\n TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced financial results for the first quarter ended March 31, 2025. All amounts are in US dollars.\n \n\n First quarter consolidated revenues were $1.14 billion, up 14% (16% in local currency) and Adjusted EBITDA (note 1) was $116.0 million, up 7% (7% in local currency) compared to the prior year quarter. Consolidated internal revenue growth measured in local currencies was up 4% (note 5) versus the prior year quarter. Adjusted EPS (note 2) was $0.87, an increase of 13% over the prior year quarter. Adjusted EPS was not significantly impacted by changes in foreign exchange rates. GAAP operating earnings were $31.6 million compared to $43.3 million in the prior year quarter. The GAAP diluted net loss per share was $0.08 compared to GAAP diluted net earnings per share of $0.26 in the prior year quarter. First quarter GAAP diluted net loss per share was not significantly impacted by changes in foreign exchange rates.\n \n\n Over the past 12 months, 72% of the Company’s earnings were generated from recurring service revenues highlighting the strength and resilience of its highly diversified business model. Trailing 12-month free cash flow (note 3) exceeded $400 million with a conversion rate of 136%, well above the Company’s long-term target rate of 100% of adjusted net earnings.\n \n\n “We’re p...