JLL reports Q3 adjusted EPS $4.50, consensus $4.27

Reports Q3 revenue $6.51B, consensus $6.49B. “JLL (JLL) achieved strong top and bottom-line results as well as impressive free cash flow generation in the third quarter, led by an acceleration in transactional revenue and ongoing momentum in our resilient businesses. The strength of JLL’s diversified platform is reflected in our eight consecutive quarters of double-digit Adjusted EPS growth,” said Christian Ulbrich, JLL CEO. “Looking ahead, we anticipate momentum continuing into the fourth quarter and are raising the mid-point of our full year Adjusted EBITDA target. As the pace of innovation further accelerates, the close alignment between our data, technology and AI capabilities with our core businesses position us well to deepen our client relationships and drive long-term profitable growth.”