JLL - JLL Lang LaSalle Q1 earnings beat as all segments achieve over 10% topline growth

JLL Lang LaSalle (NYSE:JLL) Q1 earnings breezed past Wall Street expectations as all of its business segments achieved more than 10% growth during the quarter. Specifically, "JLL again delivered strong financial results this quarter. Robust performance in our Capital Markets and Markets Advisory businesses drove a healthy expansion in our Adjusted EBITDA margin," said CEO Christian Ulbrich. Q1 adjusted EPS of $3.47 topped the average analyst estimate of $2.14 and jumped from $2.10 in Q1 of last year. Similarly, revenue of $4.8B sailed past the consensus of $2.68B and rose from $4.04B in the year-ago period. Fee revenue of $1.9B at March 31 gained from $1.4B at March 31, 2021. Its Work Dynamics segment generated revenues of $3B in Q1 compared with $2.7B in Q1 2021. Market Advisory segment booked revenues of $1B in Q1 vs. $792.7M in the year-ago quarter. Adjusted EBITDA of $273.6M at the end of March soared

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JLL Lang LaSalle Q1 earnings beat as all segments achieve over 10% topline growth