JLL (NYSE:JLL) Q1 revenue surges 9% to $5.1B

Jones Lang LaSalle Incorporated (NYSE:JLL) announced its financial results for the first quarter of 2024.

For the first quarter ended March 31, 2024, JLL recorded diluted earnings per share of $1.37, a remarkable turnaround from a loss of $0.19 per share in the same period the previous year.

Adjusted diluted earnings per share also saw a substantial increase, reaching $1.78 up from $0.71 in the first quarter of 2023.

Meanwhile, the company's revenue for the first quarter was $5.1 billion, representing a 9% increase in local currency compared to the same period in 2023.

This growth was attributed to modestly higher Transactional revenues, following a softer 2023, along with continuous growth in Resilient business line revenue.

Moreover, cost mitigation actions taken over the last twelve months contributed to JLL's strong profit performance.