Cushman & Wakefield Q4 revenue $2.6B (-4% YoY); FY net loss $35M, adj. EPS $0.84

Cushman & Wakefield Ltd.

2023-FY EPS reported -$0.16 revenue$9,493,700,000

Q4 service line fee revenue $1.8B (-2% YoY), with leasing +5%, capital markets -31%.
Q4 adjusted diluted EPS $0.45 vs. $0.46 in Q4 2022; net income $69.8M.
FY 2023 revenue $9.5B (-6% YoY), net loss $35.4M, adjusted EBITDA $570M (-37%).
Free cash flow $101M; liquidity $1.9B with $0.8B cash and $1.1B undrawn revolver.
CEO MacKay cites debt refinancings, cost reduction, and focus on long-term growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cushman & Wakefield Ltd. reported financial results for the fourth quarter and full year of 2023.

Period: the fourth quarter and full year of 2023
Result: reported results

Exact text from the filing

On February 20, 2024, Cushman & Wakefield plc (the "Company") issued a press release reporting its financial results for the fourth quarter and full year of 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Cushman & Wakefield Ltd. filing history →

Source: SEC EDGAR

accession 0001628369-24-000003

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