JLL swings to $66.1 million Q1 profit as revenue rises 9% to $5.1 billion
Jones Lang LaSalle reported first-quarter 2024 results with revenue of $5.1 billion, up 9% from a year earlier, and net income attributable to common shareholders of $66.1 million, compared with a loss of $9.2 million in the prior-year quarter. Free cash flow was an outflow of $720.7 million, an improvement from the $765.6 million outflow in the first quarter of 2023, while net debt rose from December 31, 2023, which the company attributed to annual incentive compensation payments.
Key points
- Revenue was $5,124.5 million, up 9% from $4,715.5 million in the first quarter of 2023.
- Diluted earnings per share were $1.37, compared with a loss of $0.19; adjusted diluted earnings per share were $1.78, compared with $0.71.
- Total net debt was $1,900.8 million at March 31, 2024, up from $1,150.3 million at December 31, 2023, and the company repurchased 110,726 shares for $20.1 million in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.