secwatch.observer — SEC 8-K summary
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Issuer:     CBRE GROUP, INC. (CBRE)
CIK:        0001138118
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001138118-24-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBRE Q2 revenue up 9% to $8.4B; raises Core EPS guidance to $4.70-$4.90
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- GAAP EPS $0.42 down 34% YoY; Core EPS $0.81 down 2%.
- Free cash flow $220M vs -$86M a year ago; free cash flow conversion nearly 90%.
- Advisory leasing up 9% (13% US); capital markets sales down 3%, stabilizing.
- Acquired Direct Line Global for ~$291M; to combine project mgmt with Turner & Townsend in 2025.
- Full-year Core EPS outlook raised to $4.70-$4.90 from $4.25-$4.65.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000021/0001138118-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000021/cbre-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001138118-24-000021

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