Our first quarter results were a continuation of a trend we have consistently seen over the past year, driving better-than-expected expense management to deliver positive margin and profit performance.

May 2, 2025 / receipt, needs a key / Kerry Callahan, CFO | earnings call 2025-05-02 | transcript 2e02babc-8ac4-49f9-b75c-5d3eb1462ff6 | chars 10063-10264 | segment 10

Third quarter 2022 selling, operating, and administrative expenses decreased primarily due to acquisition-related expenses lower personnel costs excluding restructuring charges, and reduced headcount, partially offset by restructuring charges, increased travel and events expenses, and higher legal expenses.

Nov 4, 2022 / receipt, needs a key / Kerry Callahan, CFO | earnings call 2022-11-04 | transcript 7cbf633d-1978-4321-8a33-65a3f8da62b4 | chars 15796-16104 | segment 16

Second quarter 2022 SONA expenses increased primarily due to estimated increases in the fair value of contingent consideration liabilities, higher travel and events expenses, and increased investments in technology, partially offset by a reduction in professional fees due to lower costs associated with acquiring and integrating new companies.

Aug 5, 2022 / receipt, needs a key / Keri, CFO | earnings call 2022-08-05 | transcript 688fa82d-7717-419d-adee-fe7a6be9319d | chars 15665-16009 | segment 16

First quarter 2022 selling, operating, and administrative expenses increased primarily due to higher travel and events expenses, largely from our annual agent convention, higher personnel costs from headcount increases, an increase in acquisition-related expenses, and the reinstatement of the 401k match to pre-pandemic levels, partially offset by lower equity-based compensation expense.

Apr 29, 2022 / receipt, needs a key / Gary K. Miller, CFO | earnings call 2022-04-29 | transcript 2360ead1-c6a5-4632-98ff-c0c5d9548e1c | chars 15869-16258 | segment 16

Adjusted EBITDA also increased due to incremental revenue from fewer agent recruiting initiatives and a price increase in REMAX continuing franchise fees, offset by increased travel costs in our real estate segment and by continued investment in WEMO within our mortgage segment.

Feb 24, 2022 / receipt, needs a key / Kerry Callahan, CFO | earnings call 2022-02-24 | transcript 47d588c5-11f6-404a-9c7b-b3fdd043d13b | chars 14762-15041 | segment 14

While our staff travel is picking up in response to the importance of in-person events and training that our customers are now eager to participate in, our spending levels remain well behind our pre-pandemic levels in 2019.

Nov 23, 2021 / receipt, needs a key / Kerry Callahan, CFO | earnings call 2021-11-23 | transcript 4db87d5d-e6a5-4c81-b655-8f45a881c638 | chars 16614-16837 | segment 17

While our staff travel is picking up in response to the importance of in-person events and training that our customers are now eager to participate in, our spending levels remained well behind our pre-pandemic level in 2019.

Aug 5, 2021 / receipt, needs a key / Kerry, CFO | earnings call 2021-08-05 | transcript 621f749a-da29-400d-9779-797d58fa47ae | chars 16253-16477 | segment 16

Selling, operating, and administrative expenses increased primarily due to higher equity-based compensation expense from recent acquisitions, higher bonus expense due to the elimination of the corporate bonus in the prior year, and increased personnel costs, largely from acquisitions. partially offset by a reduction in travel and events expenses and lower bad debt expense due to strong collections.

May 7, 2021 / receipt, needs a key / Carrie, CFO | earnings call 2021-05-07 | transcript 649affa7-18e2-45a2-97b7-43b9892120a3 | chars 17905-18306 | segment 18

The notable exception is that our travel and events related expenses are expected to be muted, at least initially, in 2021.

Feb 26, 2021 / receipt, needs a key / Carrie, CFO | earnings call 2021-02-26 | transcript 75a0a06d-d764-47d9-a566-6ce0e32144cc | chars 17265-17388 | segment 17