Newmark Group Inc (NAS:NMRK)
$ 13.01 -0.15 (-1.14%) Market Cap: 2.21 Bil Enterprise Value: 4.76 Bil PE Ratio: 43.37 PB Ratio: 1.87 GF Score: 70/100
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Q2 2020 Newmark Group Inc Earnings Call Transcript

Aug 06, 2020 / 02:00PM GMT
Release Date Price: $4.16 (-1.42%)
Operator

Good morning, and welcome to the Newmark Group 2nd Quarter 2020 Financial Results Conference Call. (Operator instruction]

I would now like to turn the conference over to Mr. Jason Harbes, Vice President of Investor Relations. Please go ahead.

Jason Edward Harbes
Newmark Group, Inc. - VP of IR

Thank you, and good morning. We issued our second quarter 2020 financial results press release and a presentation summarizing these results this morning. I stated the results provided on today's call compare only the second quarter of 2020 with the year-earlier period. Any figures with respect to cash flow from operations discussed on today's call refer to net cash provided by operating activities, excluding activity from loan originations and sales. We will be referring to our results on this call only on an adjusted earnings basis unless otherwise stated.

We may also refer to adjusted EBITDA and cash flow from operations before lending activities. Please see today's press release for results under generally accepted accounting principles or GAAP.

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