08:37 AM EDT, 07/31/2025 (MT Newswires) -- Colliers International Group ( CIGI ) , a global diversified professional services and investment management company, said Thursday that its adjusted earnings per share and revenue increased in the second quarter on an "exceptional performance" of its engineering division, while it updated and increased its outlook for 2025.
The company posted an EPS of US$1.72, climbing from $1.36 and easily beating a FactSet forecast of $1,48, as revenue jumped to near US$1.35 billion from $1.14 billion and also easily beating a FactSet forecast of $1.285.2 billion
Among other highlights, Adjusted EBITDA rose to US$180.2 million from $55.6 million. But GAAP operating earnings fell to $99.2 million, or $0.08 per share, from $114.7 million, or $0.73 per share.
"We exceeded expectations with our strong second quarter results, showcasing the exceptional performance of our engineering division," said Jay Hennick, chairman and CEO of Colliers. "Our long-term strategy to build a diversified professional services and investment management company with high-quality, recurring revenue streams is clearly paying off."
Colliers said its real estate services, engineering and investment management segments demonstrated "solid momentum" this quarter, driven by organic growth, new revenue pipelines, and strategic acquisitions. "We anticipate this positive trend to continue throughout the year, prompting us to raise our annual outlook despite ongoing macroeconomic uncertainties," Hennick said.
The company is updating and increasing its outlook for 2025 to reflect year to date operating results and the partial year impact of completed acquisitions, including RoundShield. On a consolidated basis, low-teens percentage revenue growth (previously high single-digit to low teens), mid-teens Adjusted EBITDA growth (previously low-teens) and mid to high-teens Adjusted EPS growth (previously low-teens) are expected. It said the outlook remains contingent on lower global trade uncertainty, and lower interest rate volatility in the second half of the year.