Jones Lang LaSalle Incorporated reported robust operating performance for the third quarter of 2024, with diluted earnings per share reaching $3.20, a substantial increase from $1.23 in the prior year. Adjusted diluted earnings per share also saw significant growth, rising to $3.50 from $2.19.
The company's revenue for the quarter was $5.9 billion, marking a 15% increase in local currency compared to the prior-year quarter. This growth was broad-based, with resilient revenues expanding by 16% in local currency and transactional revenues accelerating by 11% in local currency, driven by strong performance in Leasing, Capital Markets, and Workplace Management.
Adjusted EBITDA for the third quarter was $298.1 million, up 37% from $217.3 million last year, reflecting improved profitability from higher revenues and cost discipline. JLL also reported $261.6 million in net cash provided by operating activities and maintained strong corporate liquidity of $3.392.8 billion as of September 30, 2024.
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