Realogy Reports First Quarter 2021 Financial Results
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MADISON, N.J., April 29, 2021 /PRNewswire/ Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March 31, 2021. Realogy delivered a very powerful first quarter. We generated a record $162 million in Operating EBITDA, grew closed transaction volume by 44% year over year, continued to expand market share, and improved our balance sheet to its best position ever, said Ryan Schneider, Realogy s chief executive officer and president. Our strategic actions are enabling Realogy affiliated agents and franchise owners to better capitalize on the dynamic housing market as we continue to move fast, innovate, and invest for future growth.
Apr 28, 2021
Residential real estate services leader ranks among just 50 top companies in annual analysis of best workplaces for career growth in the U.S.
PR Newswire
MADISON, N.J., April 28, 2021
MADISON, N.J., April 28, 2021 /PRNewswire/ Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, was named a 2021 LinkedIn Top Company in the U.S. for its track record of attracting and retaining top talent. Based on in-depth analysis of LinkedIn data, the list features America s top 50 companies that prioritize employee career growth and provide the insights necessary to help talent navigate their professional journey.
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Operator
Good day, and thank you for standing by. Welcome to the First Quarter 2021 results conference call. At this time, all participants lines are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to your speaker today, speaker Dan Innamorato. Thank you. Please go ahead, sir.
Dan Innamorato
Senior Director-Investor Relations
Thanks, operator. Good morning, everyone, and thank you for joining us. Earlier this morning we issued a press release announcing our results for the first quarter 2021. The press release and slides are posted to the Investors section of our website at hubbell.com. I m joined today by our President and CEO, Gerben Bakker; and our Executive Vice President and CFO, Bill Sperry.
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NORTH CANTON, Ohio, April 28, 2021 /PRNewswire/
The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products,
today reported first-quarter 2021 sales of $1.03 billion, up 11 percent from the same period a year ago. The increase was driven by organic growth across most end-market sectors led by renewable energy and off-highway, as well as the benefit of currency translation and the Aurora Bearing acquisition. First quarter sales were up 15 percent from the fourth quarter.
Timken posted net income of $113.3 million or $1.47 per diluted share in the first quarter, versus net income of $80.7 million or $1.06 per diluted share for the same period a year ago. The year-over-year increase was primarily driven by higher volume, favorable manufacturing performance and lower selling, general and administrative (SG&A) expenses, partially offset by unfavorable mix and higher material and log