Q1 2021 Newmark Group Inc Earnings Call Transcript
Good morning. My name is Jason. I'll be your conference operator today. At this time, I'd like to welcome everyone to the Newmark first quarter 2021 earnings conference call. (Operator Instructions) Please note, this event is being recorded. I'll now turn the call over to Jason Harbes, Vice President of Investor Relations. Sir, you may begin when you're ready.
Thank you, and good morning. We issued our first quarter 2021 financial results press release and a presentation summarizing these results this morning. The results provided on today's call compare only the first quarter of 2021 with the year earlier period, unless otherwise stated. Any figures with respect to cashflow from operations discussed on today's call refer to net cash provided by operating activities, excluding loan originations and sales. We will be referring to our results on this call only on an adjusted earnings basis, unless otherwise stated. We may also refer to adjusted EBITDA. Please see today's press release for results under Generally
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