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News Release

Chicago

JLL Reports Strong Second-Quarter 2017

Revenue increase of 14 percent and diluted EPS of $1.71 reflect notable progress toward achieving growth strategy


​CHICAGO, August 2, 2017 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue increases and strong operating results for the second quarter of 2017, resulting in diluted earnings per share of $1.71 and adjusted diluted earnings per share1 of $1.82.

  • Revenue up 14 percent to $1.8 billion; fee revenue1 up 14 percent to $1.5 billion

    • Broad-based Real Estate Services revenue growth, balanced organic and M&A

    • Robust leasing and capital markets performance against solid market fundamentals

    • Corporate Solutions revenue growth fueled by M&A and cross-selling success

  • Margins reflect organic growth more than offset by anticipated decline in LaSalle incentive fees and ongoing M&A integration

  • Operating cash flows strengthened, driven by improved working capital management

  • Issuance of €350 million fixed-rate senior unsecured notes extends debt maturity profile at favorable rates

CEO Comment:

"Broad-based revenue growth supported by healthy conditions in key markets globally contributed to a strong second quarter at JLL," said Christian Ulbrich, CEO. "We remain positive entering the second half of the year given our progress on strategic initiatives and underlying operating momentum."


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