8-K
filed November 3, 2022, 7:59 PM ET
ticker CWK
CIK 0001628369
earnings
confidence high
sentiment negative
materiality 0.70
Cushman & Wakefield Q3 net income down 65% to $23.9M; capital markets fee revenue falls 20%
Cushman & Wakefield Ltd.
2022-Q3 EPS reported
$0.73
revenue$7,458,700,000
- Revenue $2.5B (+8% YoY); service line fee revenue $1.8B (+4% YoY).
- Leasing fee revenue up 13% YoY; capital markets fee revenue declined 20%.
- Adjusted EPS $0.43, down 10% YoY; adjusted EBITDA $201.9M (-8% YoY).
- Net income $23.9M ($0.11 diluted EPS) vs $68.7M ($0.30) in Q3 2021.
- Liquidity $1.5B with $1.1B undrawn revolver and $0.4B cash.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cushman & Wakefield Ltd. reported nine months ended September 30, 2022 results: revenue $7.5 billion, net income $166.6 million, EPS $0.73.
- Period
- nine months ended September 30, 2022
- Revenue
- $7.5 billion
- Net income
- $166.6 million
- EPS
- $0.73
- Result
- reported results
Exact text from the filing
Year-to-Date Results: • Revenue of $7.5 billion and service line fee revenue of $5.4 billion for the nine months ended September 30, 2022 increased 15% and 16%, respectively, from the nine months ended September 30, 2021. ◦ Leasing, Capital markets and Property, facilities and project management experienced continued growth, led by the Americas. • Net income and earnings per share for the nine months ended September 30, 2022 were $166.6 million and $0.73, respectively.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cushman & Wakefield Ltd. reported third quarter of 2022 results: revenue $2.5 billion, net income $23.9 million, EPS $0.11.
- Period
- third quarter of 2022
- Revenue
- $2.5 billion
- Net income
- $23.9 million
- EPS
- $0.11
- Result
- reported results
Exact text from the filing
Third Quarter Results: • Revenue of $2.5 billion and service line fee revenue of $1.8 billion for the third quarter of 2022 increased 8% and 4%, respectively, from the third quarter of 2021. ◦ Leasing and Property, facilities and project management grew 13% and 10%, respectively. ◦ Capital markets declined 20%. • Net income and earnings per share for the third quarter of 2022 were $23.9 million and $0.11, respectively.
View on SEC.gov
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