{"schema_version":"secwatch.filing_event.v1","accession":"0001628369-23-000008","form_type":"8-K","ticker":"CWK","cik":"0001628369","company_name":"Cushman & Wakefield Ltd.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.732734+00:00","generated_at":"2026-06-15T22:10:50.707528+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cushman & Wakefield posts Q1 net loss of $76.4M; revenue down 4%, leasing and capital markets decline sharply","bullets":["Net loss $76.4M ($0.34 diluted EPS); adjusted EPS loss $0.04 vs $0.48 prior year.","Total revenue $2.2B down 4%; service line fee revenue $1.5B down 12% YoY.","Leasing -20%, capital markets -51% YoY; property/facilities/project management +7%.","Adjusted EBITDA $60.9M down 72%; realized $21M cost savings in Q1, targeting $90M annualized.","Liquidity $1.6B: $1.1B undrawn revolver and $0.5B cash as of March 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628369-23-000008","json":"https://secwatch.observer/filing/0001628369-23-000008.json","markdown":"https://secwatch.observer/filing/0001628369-23-000008.md","text":"https://secwatch.observer/filing/0001628369-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000008/0001628369-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000008/cwk-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:10:50.707528+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":"27b22b443f83c676e52bfc25afd80a345a952887","claim":"Cushman & Wakefield Ltd. reported the first quarter of 2023 results: revenue $2.2 billion, net income $76.4 million, EPS $0.34. Guidance reaffirmed.","evidence_excerpt":"Revenue of $2.2 billion and service line fee revenue of $1.5 billion for the first quarter of 2023 decreased 4% and 12%, respectively, from the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000008/0001628369-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"$2.2 billion"},{"label":"Net income","value":"$76.4 million"},{"label":"EPS","value":"$0.34"},{"label":"Guidance","value":"reaffirmed"},{"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"}