secwatch.observer — SEC 8-K summary
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Issuer:     JONES LANG LASALLE INC (JLL)
CIK:        0001037976
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001037976-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JLL Q4 2022 EPS $3.62, down 56% YoY; fee revenue falls 16% in local currency
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- Net income $174.8M vs $421.4M prior year; adjusted EPS $4.36 vs $8.66.
- Revenue $5.6B (-2% LC); fee revenue $2.2B (-16% LC) driven by Capital Markets and Markets Advisory declines.
- Work Dynamics annuity business grew, but higher fixed costs and lower equity earnings from JLL Technologies and LaSalle hurt margins.
- CEO expects market recovery in H2 2023; cost structure reduced in response to challenging environment.
- Full-year 2022 diluted EPS $13.27 vs $18.47; adjusted EPS $15.71 vs $19.47.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000005/0001037976-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000005/jll-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001037976-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer