secwatch.observer — SEC 8-K summary
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Issuer:     CBRE GROUP, INC. (CBRE)
CIK:        0001138118
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001138118-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/0001138118-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000003/cbre-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001138118-24-000003

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