Anywhere Real Estate Inc. (NYSE:HOUS) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET

Company Participants

Alicia Swift - Senior Vice President

Ryan Schneider - Chief Executive Officer & President

Charlotte Simonelli - Chief Financial Officer

Conference Call Participants

Soham Bhonsle - BTIG

Anika Dholakia - Barclays

Anthony Paolone - JPMorgan

John Campbell - Stephens

Tommy McJoynt - KBW

Ryan McKeveny - Zelman & Associates

Operator

Good morning. Welcome to the Anywhere Real Estate Third Quarter 2023 Earnings Conference Call via Webcast. Today's call is being recorded and a written transcript will be made available in the Investor Information section of the company's website tomorrow. A webcast replay will also be made available on the company's website.

At this time, I would like to turn the conference over to Anywhere Senior Vice President, Alicia Swift. Please go ahead, Alicia.

Alicia Swift

Thank you, Chris. Good morning and welcome to the third quarter 2023 earnings conference call for Anywhere Real Estate Inc. On the call with me today are Anywhere, CEO and President, Ryan Schneider; and Chief Financial Officer, Charlotte Simonelli.

As shown on Slide 3 of the presentation, the company will be making statements about its future results and other forward-looking statements during this call. These statements are based on the current expectations and the current economic environment.

Forward-looking statements, estimates, and projections are inherently subject to significant economic, competitive, litigation, regulatory, and other uncertainties, and contingencies, many of which are beyond the control of management, including among others industry and macroeconomic developments. And the incurrence of liabilities that are in excess of amounts accrued or payments made in connection with pending litigation.

Actual results may differ materially from those expressed or implied in the forward-looking statements. Important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in our earnings release issued today, as well as in our annual and quarterly SEC filings.

For those who listen to the rebroadcast of this presentation, we remind you that the remarks made herein are as of today, October 24th, and have not been updated subsequent to the initial earnings call.

Now, I will turn the call over to our CEO and President, Ryan Schneider.

Ryan Schneider

Thank you, Alicia. Anywhere demonstrated our continued ability to lead through the tough housing market, even as it worsened in the third quarter with higher mortgage rates. We pushed forward on our strategic agenda; expanding our high-margin franchise business, strengthening our balance sheet, completing additional cost reductions, and removing litigation uncertainty, all setting us up for powerful momentum as the housing market improves.