Jones Lang LaSalle (JLL) Shows Impressive Growth and Profitability

By Tamara Parker • Wednesday, February 19 10:42 • Permanent Link

Jones Lang LaSalle Incorporated (NYSE: JLL) released its financial results for the fourth quarter and full year of 2024, showcasing impressive growth and profitability. Here are some key figures that demonstrate the company's performance:

Revenue for the fourth quarter was $6.8 billion, marking a 16% increase in local currency compared to the prior-year quarter. For the full year, revenue reached $23.4 billion, reflecting a 13% increase.
Net income attributable to common shareholders saw a significant surge, reaching $241.2 million for the fourth quarter, a 40% increase from the prior-year quarter. For the full year, net income reached $546.8 million, marking a substantial 143% increase.
The company's adjusted diluted earnings per share for the fourth quarter were $6.15, up 15% from the prior-year quarter. For the full year, adjusted diluted earnings per share reached $14.01, representing a 35% increase.
JLL's adjusted EBITDA for the fourth quarter was $454.8 million, up 19% from the prior-year quarter. For the full year, adjusted EBITDA reached $1,186.3 million, reflecting a strong 26% increase.
The company generated $785 million of operating cash flows in 2024, an incremental $210 million over the prior year, showcasing robust cash flow generation.
JLL repurchased a total of 373.1 thousand shares for $80.4 million during the year ended December 31, 2024, indicating a commitment to returning value to shareholders.
The company's total net debt decreased to $800.6 million as of December 31, 2024, compared to $1,150.3 million in the prior year, showcasing improved liquidity and reduced leverage.

These figures paint a picture of robust growth and financial strength for JLL in 2024, driven by double-digit revenue growth, disciplined cost management, and improved profitability. The company's strong performance positions it well for continued success in the real estate market in 2025. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $279.65. For more information, read the company's full 8-K submission here.

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