Anywhere Real Estate sees ‘at least’ $100M in cost savings in 2024

“The company expects to realize cost savings of at least $100 million in 2024. The company expects our operating Free Cash Flow excluding one-time items to be modestly positive in 2024 as favorable working capital, robust savings programs, and our cash management discipline will help counterbalance another tough year in housing. And as a reminder, we have over $100 million of one-time payments anticipated this year between the $73.5 million class action litigation payment and the $39 million legacy California tax matter.”