{"schema_version":"secwatch.filing_event.v1","accession":"0001628369-23-000013","form_type":"8-K","ticker":"CWK","cik":"0001628369","company_name":"Cushman & Wakefield Ltd.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.610072+00:00","generated_at":"2026-06-12T22:05:12.780324+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 Q2 revenue falls 8% to $2.4B; adjusted EPS $0.22 vs $0.63, Capital markets down 48%","bullets":["Q2 revenue $2.4B (-8% YoY); service line fee revenue $1.6B (-15%).","Net income $5.1M ($0.02 EPS); adjusted EBITDA $146.1M (-44%); adjusted EPS $0.22 vs $0.63.","Leasing -20%, Capital markets -48%, Valuation & other -13%; property/facilities/project mgmt +2%.","Full-year gross cost savings target raised to $130M; $49M achieved in H1.","Liquidity $1.6B as of June 30; YTD net loss $71.3M, adjusted EPS $0.18."],"urls":{"canonical":"https://secwatch.observer/filing/0001628369-23-000013","json":"https://secwatch.observer/filing/0001628369-23-000013.json","markdown":"https://secwatch.observer/filing/0001628369-23-000013.md","text":"https://secwatch.observer/filing/0001628369-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/0001628369-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/cwk-20230731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:05:12.780324+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":"4d5e5c94e759130a47c474c88e1b923f9f492cbc","claim":"Cushman & Wakefield Ltd. reported the second quarter of 2023 results: revenue $2.4 billion, net income $5.1 million, EPS $0.02.","evidence_excerpt":"consisting of availability on the Company's undrawn revolving credit facility of $1.1 billion and cash and cash equivalents of $0.5 billion. Second Quarter Results: • Revenue of $2.4 billion and service line fee revenue of $1.6 billion for the second quarter of 2023 decreased 8% and 15%, respectively, from the second quarter of 2022. ◦ Property, facilities and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/0001628369-23-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Revenue","value":"$2.4 billion"},{"label":"Net income","value":"$5.1 million"},{"label":"EPS","value":"$0.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7a63c79e69f86c84b5be523d2e3365ccfc47fc6e","claim":"Cushman & Wakefield Ltd. reported the first half of 2023 results: revenue $4.7 billion, net income $71.3 million, EPS $(0.31).","evidence_excerpt":"2023 CHICAGO (BUSINESS WIRE), July 31, 2023 — Cushman & Wakefield (NYSE: CWK) today reported financial results for the second quarter of 2023: Year-to-Date Results: • Revenue of $4.7 billion and service line fee revenue of $3.1 billion for the first half of 2023 decreased 6% and 13%, respectively, from the first half of 2022. ◦ Property, facilities and project","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/0001628369-23-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first half of 2023"},{"label":"Revenue","value":"$4.7 billion"},{"label":"Net income","value":"$71.3 million"},{"label":"EPS","value":"$(0.31)"},{"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"}