secwatch.observer — SEC 8-K summary
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Issuer:     JONES LANG LASALLE INC (JLL)
CIK:        0001037976
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001037976-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JLL reports Q1 net loss of $9.2M; adjusted EPS $0.65 vs $3.47 prior year
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- Revenue $4.7B (+1% LC); fee revenue $1.6B (-15% LC); diluted loss per share ($0.19), adjusted EPS $0.65.
- Capital Markets and Leasing activity declined vs robust prior year; Work Dynamics double-digit growth.
- Adjusted EBITDA $109M vs $273.6M prior year (-60% USD); net loss attributable to common shareholders $9.2M vs income $145.6M.
- Run-rate fixed expense growth partially offset by cost reduction actions; CEO cites market-wide transaction slowdown.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000013/0001037976-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000013/jll-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001037976-23-000013

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