{"schema_version":"secwatch.filing_event.v1","accession":"0001628369-23-000003","form_type":"8-K","ticker":"CWK","cik":"0001628369","company_name":"Cushman & Wakefield Ltd.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.919808+00:00","generated_at":"2026-06-19T02:43:58.481117+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cushman & Wakefield Q4 revenue down 8%, adjusted EBITDA down 37% YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628369-23-000003","json":"https://secwatch.observer/filing/0001628369-23-000003.json","markdown":"https://secwatch.observer/filing/0001628369-23-000003.md","text":"https://secwatch.observer/filing/0001628369-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000003/0001628369-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000003/cwk-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:43:58.481117+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4eabf7f5b7cccc68e2d2efd8eead706b685c97b2","claim":"Cushman & Wakefield Ltd. reported fourth quarter of 2022 results: revenue $2.6 billion, net income $29.8 million, EPS $0.13.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000003/0001628369-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of 2022"},{"label":"Revenue","value":"$2.6 billion"},{"label":"Net income","value":"$29.8 million"},{"label":"EPS","value":"$0.13"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"83c38eb0f0c40210e6b352144b20db2f897923c1","claim":"Cushman & Wakefield Ltd. reported full year 2022 results: revenue $10.1 billion, net income $196.4 million, EPS $0.86.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000003/0001628369-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Revenue","value":"$10.1 billion"},{"label":"Net income","value":"$196.4 million"},{"label":"EPS","value":"$0.86"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}