Newmark Group, Inc. (NMRK) CEO Barry Gosin on Q3 2018 Results - Earnings Call Transcript

10/26/18

Newmark Group, Inc. (NASDAQ:NMRK) Q3 2018 Earnings Conference Call October 25, 2018 11:00 AM ET

Executives

Jason McGruder – Investor Relations

Howard Lutnick – Chairman

Barry Gosin – Chief Executive Officer

Jim Ficarro – Chief Operating Officer

Mike Rispoli – Chief Financial Officer

Analysts

Jade Rahmani – KBW

David Ridley-Lane – Bank of America Merrill Lynch

Pete Christiansen – Citi

Alexander Goldfarb – Sandler O'Neil

Patrick O'Shaughnessy – Raymond James

Operator

Good morning. My name is Shaqline [ph], and I will be your conference operator today. At this time, I would like to welcome everyone to the Newmark's Third Quarter 2018 Earnings Conference Call. [Operator Instructions]

Thank you. I'll now turn the call over to Jason McGruder, Head of Investor Relations. Sir, you may begin.

Jason McGruder

Thank you, Operator. Good morning. We issued our third quarter 2018 financial results press release and a presentation summarizing these results this morning. You can find these documents at ir.ngkf.com.

Unless otherwise stated, the results provided on today's call compare only the third quarter of 2018 with the year earlier period. We'll be referring to results today only on an adjusted earnings basis, unless otherwise stated. We may also refer to adjusted EBITDA. Please see today's press release results on the Generally Accepted Accounting Principles or GAAP. Please see the sections [indiscernible] press release for the complete definitions of any such non-GAAP terms, reconciliations of these items to corresponding GAAP results, and how, when, and why [indiscernible] use them.

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