secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001628369-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield Q2 revenue falls 8% to $2.4B; adjusted EPS $0.22 vs $0.63, Capital markets down 48%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/0001628369-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836923000013/cwk-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001628369-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer