Jones Lang LaSalle (JLL) Tops Q1 EPS by 38c

Jones Lang LaSalle (NYSE: JLL) reported Q1 EPS of $0.97, $0.38 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.68 billion.

• Diversified organic revenue growth globally, highlighted by Capital Markets and annuity businesses
• Margin expansion in Americas, EMEA and LaSalle
  • Americas revenue growth coupled with productivity gains
  • EMEA improvement largely driven by UK, Germany and France
  • Corporate Solutions momentum from recent business wins
  • LaSalle delivered robust incentive fees while generating outstanding value for clients
  • Continued progress on digital agenda
• Strong cash flows contributed to a year-on-year net debt reduction of more than $470 million
• Dividend increase of 11 percent to $0.41 per share

CEO Comment:

"Broad organic revenue growth and margin expansion drove our strong first-quarter performance," said Christian Ulbrich, JLL CEO. "We achieved these results while continuing to invest in -- and make significant progress on -- our global digital agenda. With healthy economic and real estate fundamentals in most markets globally, and despite geopolitical challenges, we anticipate continued growth this year."

For earnings history and earnings-related data on Jones Lang LaSalle (JLL) click here.

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