Anywhere Real Estate reports Q3 EPS $1.15, consensus 32c

Reports Q3 revenue $1.6B, consensus $1.62B. “Anywhere led through a difficult housing market to deliver considerable profitability and achieve substantial debt reduction,” said CEO Ryan Schneider. “We accelerated our strategic progress, including expanding our high-margin franchise business, integrating the consumer transaction experience, taking advantage of the better competitive environment, and putting significant litigation behind us, to set Anywhere up for powerful momentum as the housing market improves.” “Anywhere stayed focused on what we can control and drove differentiated results in the third quarter,” said CFO Charlotte Simonelli. “We generated meaningful Operating EBITDA, overdelivered on our cost savings agenda, achieved sizable debt reduction, and prudently managed our cash, enabling Anywhere to navigate current market conditions and invest to drive future success.”