Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CBRE GROUP, INC. reported second quarter ended June 30, 2023 results: revenue $ 7,720, net income 201, EPS $0.64. Guidance lowered.
- Period
- second quarter ended June 30, 2023
- Revenue
- $ 7,720
- Net income
- 201
- EPS
- $0.64
- Guidance
- lowered
- Result
- reported results
Exact text from the filing
CBRE GROUP, INC. REPORTS FINANCIAL RESULTS FOR SECOND-QUARTER 2023 • GAAP EPS Declined 57% to $0.64 • Core EPS Declined 55% to $0.82 Dallas, TX – July 27, 2023 — CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2023. Consolidated Financial Results Overview The following table presents highlights of CBRE performance (dollars in millions, except per share data; totals may not add due to rounding): % Change Q2 2023 Q2 2022 USD LC (1) Operating Results Revenue $ 7,720 $ 7,771 (0.7) % 0.8 % Net revenue (2) 4,478 4,803 (6.8) % (5.4) % GAAP net income 201 487 (58.7) % (57.3) % GAAP EPS 0.64 1.48 (56.6) % (55.2) % Core adjusted net income (3) 258 604 (57.3) % (56.1) % Core EBITDA (4) 504 919 (45.2) % (44.2) % Core EPS (3) 0.82 1.83 (55.2) % (53.9) % Cash Flow Results Cash flow (used in) provided by operations $ (11) $ 454 (102.4) % Less: Capital expenditures 75 55 36.7 % Free cash flow (5) $ (86) $ 400 (121.4) % CBRE Press Release July 27, 202
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