CBRE Q4 GAAP EPS $1.55, revenue $8.95B; FY Core EPS $3.84, guides 2024 Core EPS $4.25-$4.65

CBRE GROUP, INC.

2023-FY EPS reported $3.15 revenue$31,949,000,000

Q4 GAAP EPS $1.55 (up from $0.25 YoY); FY GAAP EPS $3.15 (down from $4.29).
Q4 revenue $8.95B (+9.2% USD); FY revenue $31.95B (+3.6%).
Q4 Core EPS $1.38; FY Core EPS $3.84; 2024 Core EPS guidance $4.25-$4.65 (mid-teens growth).
All three segments posted Q4 YoY operating profit growth: Advisory $502M, GWS $292M, REI $68M.
Announced $800M cash acquisition of J&J Worldwide Services (U.S. federal facilities) plus $250M earn-out.

item 2.02 item 9.01

Key facts

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 the fourth quarter ended December 31, 2023 results: revenue $8,950 million, net income $477 million, EPS $1.55. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $8,950 million
Net income: $477 million
EPS: $1.55
Guidance: initiated
Result: reported results

Exact text from the filing

Q4 2023 Q4 2022 USD LC (1) FY 2023 FY 2022 USD LC (1) Operating Results Revenue $ 8,950 $ 8,194 9.2 % 7.7 % $ 31,949 $ 30,828 3.6 % 4.1 % Net revenue (2) 5,187 4,975 4.3 % 2.9 % 18,276 18,777 (2.7) % (2.2) % GAAP net income 477 81 487.9 % 503.9 % 986 1,407 (30.0) % (28.0) % GAAP EPS 1.55 0.25 508.3 % 524.8 % 3.15 4.29 (26.6) % (24.6) %

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CBRE GROUP, INC. reported the year ended December 31, 2023 results: revenue $31,949 million, net income $986 million, EPS $3.15. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $31,949 million
Net income: $986 million
EPS: $3.15
Guidance: initiated
Result: reported results

Exact text from the filing

Q4 2023 Q4 2022 USD LC (1) FY 2023 FY 2022 USD LC (1) Operating Results Revenue $ 8,950 $ 8,194 9.2 % 7.7 % $ 31,949 $ 30,828 3.6 % 4.1 % Net revenue (2) 5,187 4,975 4.3 % 2.9 % 18,276 18,777 (2.7) % (2.2) % GAAP net income 477 81 487.9 % 503.9 % 986 1,407 (30.0) % (28.0) % GAAP EPS 1.55 0.25 508.3 % 524.8 % 3.15 4.29 (26.6) % (24.6) %

View on SEC.gov

Browse all earnings releases →

CBRE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001138118-24-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.