JLL Reports Strong Q2 Earnings with Revenue Growth and Raised Full-Year Guidance
Jones Lang LaSalle (NYSE: JLL) reported strong second-quarter results, driven by robust revenue growth across its advisory segments. The company saw an 11% increase in U.S.-dollar-based revenue and a 33% rise in adjusted EBITDA to $273.6 million due to improved operating efficiency and higher transactional activity. JLL raised its full-year adjusted EPS guidance to between $24.60 and $25.90, reflecting confidence in continued momentum across advisory services like leasing, capital markets, and debt advisory. Free cash flow surged 52% year-over-year to $438 million, while the company repurchased nearly 3% of its shares through buybacks totaling $110 million during Q2. Despite some headwinds in European investment sales due to geopolitical tensions and elongated deal timelines, JLL remains optimistic about long-term growth. The firm emphasized strong performance from resilient business lines that account for almost 80% of revenue.
Tickers: $JLL
Topics: adjusted_ebitda buybacks free_cash_flow revenue_growth