8-K
filed February 23, 2023, 6:59 PM ET
ticker CWK
CIK 0001628369
earnings
confidence high
sentiment negative
materiality 0.75
Cushman & Wakefield Q4 revenue down 8%, adjusted EBITDA down 37% YoY
Cushman & Wakefield Ltd.
2022-FY EPS reported
$0.86
revenue$10,105,700,000
- Q4 2022 revenue $2.6B (-8% YoY); service line fee revenue $1.9B (-17% YoY).
- Q4 net income $29.8M ($0.13 diluted EPS); adjusted EPS $0.46 vs $0.94 prior year.
- Full year 2022 revenue $10.1B (+8% YoY); adjusted EBITDA $898.8M (+1% YoY).
- Full year adjusted EPS $2.00 vs $2.04 in 2021; net income $196.4M ($0.86 diluted EPS).
- Extended $1.0B of term loan facility to Jan 2030; liquidity $1.7B as of Dec 31, 2022.
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 fourth quarter of 2022 results: revenue $2.6 billion, net income $29.8 million, EPS $0.13.
- Period
- fourth quarter of 2022
- Revenue
- $2.6 billion
- Net income
- $29.8 million
- EPS
- $0.13
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Results • Revenue of $2.6 billion and service line fee revenue of $1.9 billion for the fourth quarter of 2022 decreased 8% and 17%, respectively, from the fourth quarter of 2021. ◦ Property, facilities and project management grew 5%, led by the Americas and APAC. ◦ Leasing, Capital markets and Valuation and other declined 13%, 53% and 16%, respectively. • Net income and diluted earnings per share for the fourth quarter of 2022 were $29.8 million and $0.13, respectively.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cushman & Wakefield Ltd. reported full year 2022 results: revenue $10.1 billion, net income $196.4 million, EPS $0.86.
- Period
- full year 2022
- Revenue
- $10.1 billion
- Net income
- $196.4 million
- EPS
- $0.86
- Result
- reported results
Exact text from the filing
Full Year 2022 Results • Revenue of $10.1 billion and service line fee revenue of $7.2 billion for the year ended December 31, 2022 increased 8% and 5%, respectively, from the year ended December 31, 2021. ◦ Leasing and Property, facilities and project management experienced continued growth, led by the Americas. ◦ Capital markets and Valuation and other declined 12% and 3%, respectively. • Net income and diluted earnings per share for the year ended December 31, 2022 were $196.4 million and $0.86, respectively.
View on SEC.gov
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