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Middle Market Digest-The Midwest

The latest deals, transactions and trends in the Midwest region.

By Brian J. Rogal | Updated on November 07, 2017

BY THE NUMBERS

Ulbrich

CHICAGO—JLL reported strong operating performance for the third quarter of 2017, resulting in diluted earnings per share of $1.89 and adjusted diluted earnings per share of $1.96. Highlights include: revenue up 14% to $1.9 billion; fee revenue up 12% to $1.6 billion. “Solid organic growth and strong cash flows from operations contributed to our third-quarter performance,” said Christian Ulbrich, chief executive officer of Chicago-based JLL. Asked on a conference call this week to evaluate some of the challenges he has faced in his first year at the company’s helm, he said, “I’m very pleased that the overall market environment is favorable and as it looks it continues to be quite favorable going into 2018. But it’s obviously kind for a new CEO to be starting in a favorable market environment. This is a well-run business which I took over and so there wasn’t many major surprises. We’re working hard on becoming much more digital-focused and that takes a lot of the focus of the leadership team.”

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