realogy holdings corp (RLGY) Key Developments
Realogy Holdings Corp. - M&A Call
Jul 15 14
To acquire ZipRealty
Realogy To Look For Acquisitions
May 9 14
Realogy Holdings Corp. (NYSE:RLGY) will look for acquisitions. Don Casey, President of Title Resource Group, LLC, said, "Looking at our geographic footprint, if you to overlay the NRT LLC's offices on top of our map, they'd almost be identical. There are few markets where the NRT operates where we don't presently have courage but we're looking on solutions right now where that would be through organic growth or through acquisitions."
Realogy Holdings Provides Earnings Guidance for 2014
May 5 14
Realogy Holdings provided earnings guidance for 2014. The company expects capital expenditures of approximately $65 million; cash interest expense of approximately $230 million for 2014, a reduction of $70 million compared to 2013. The company expects book income tax rate for the year will be approximately 41%.
Realogy Holdings Corp. Approves Amendments to the Certificate of Incorporation and Bylaws
May 5 14
Realogy Holdings Corp. announced that at the 2014 Annual Meeting of Stockholders held on May 2, 2014, the stockholders of the company approved amendments to the to the Certificate of Incorporation and Bylaws relating to the Declassification of the Board of Directors of the company.
Realogy Holdings Corp. Reports Consolidated Earnings Results for the Quarter Ended March 31, 2014
May 5 14
Realogy Holdings Corp. reported consolidated earnings results for the quarter ended March 31, 2014. For the quarter, the company reported net revenues of $1,007 million compared to $957 million a year ago. Loss before income taxes, equity in earnings and noncontrolling interests was $77 million compared to $76 million a year ago. Net loss attributable to the company was $46 million or $0.32 per basic and diluted share compared to $75 million or $0.52 per basic and diluted share a year ago. EBITDA was $36 million compared to $63 million a year ago. Adjusted EBITDA was $53 million compared to $71 million a year ago primarily due to an approximately $20 million reduction in earnings related to the decrease in refinancing activity at mortgage origination joint venture and within the company's title and settlement services segment. Negative free cash flow was $181 million or $1.24 per share.