secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628369-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield posts Q1 net loss of $76.4M; revenue down 4%, leasing and capital markets decline sharply
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836923000008/0001628369-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836923000008/cwk-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628369-23-000008

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