JLL - Jones Lang LaSalle Non-GAAP EPS of $3.40 misses by $1.08 revenue of $5.17B

• Jones Lang LaSalle press release ( NYSE: JLL ): Q3 Non-GAAP EPS of $3.40 misses by $1.08 .
• Revenue of $5.17B (+5.7% Y/Y).
• fee revenue was $2.0 billion
• Margin contraction was due to higher compensation expense and incremental T&E and marketing costs
• Increased borrowing capacity of Credit Facility to $3.35 billion and redeemed $275 million of Senior Notes

• The company's Net Leverage Ratio was 1.1x as of September 30, 2022, compared with 1.0x as of June 30, 2022, and 0.4x as of September 30, 2021.

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