| CB Richard Ellis
Earnings Call |
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CB Richard Ellis First Quarter Earnings Call
14th May 2001 00:00 AM |
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| The long-term strategy of diversifying across geographies and service lines shielded the firm from the full effects of the downturn. |
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| The real estate firm reported net income was $20.5 million or 10 cents a share, up 70.8% due to significant growth in the outsourcing business though revenue was up marginally to $1.2 billion. As anticipated, the weaker economy as well as the unsettled credit market environment materially impacted the capital markets businesses. Investment sales activity declined in the Americas and Europe due to limited credit availability. |
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CB Richard Ellis Second Quarter Earnings Call
7th August 2007 00:00 AM |
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| Net income rose to $141.1 million, or 59 cents per share from $64.3 million, or 27 cents per share a year ago on strong revenue growth. |
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| The commercial real estate services company attributed the 65% growth in revenue to $1.5 billion reflects strong organic growth as well as contributions from acquisitions completed in 2006. Organic revenue growth was 30%, marking 19 consecutive quarters of double-digit gains. Revenue rose 72.2% from a year ago in Europe, the Middle East and Africa, 56.4% in the Americas, and 39.6% in the Asia-Pacific region. |
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CB Richard Ellis Group First Quarter Earnings Call
12th June 2007 00:00 AM |
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| The net income was $12 million or 5 cents per share compared with net income of $36.9 million or 16 cents per share in the first quarter of 2006. |
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| The leading commercial real estate services company reported revenue of $1.2 billion, up 61.6% over the prior year quarter. Of the total sales growth, over one-half was organic with the remainder attributable to acquisitions completed in 2006, particularly the acquisition of Trammell Crow Company. The integration of Trammell Crow is going extremely well and the synergy savings are now expected to exceed the company''s initial targets. |
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