secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001628369-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield Q1 net loss narrows 62% to $28.8M; adjusted EBITDA up 28%
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- Revenue $2.18B down 3% YoY; service line fee revenue flat; Leasing +5%, Capital markets -1%.
- Net loss $28.8M ($0.13 diluted EPS) vs loss $76.4M ($0.34) in Q1 2023; adjusted EBITDA $78.1M +28%.
- Prepaid $50M term loans due 2025; repriced $1B term loans due 2030, saving ~$6M annual interest.
- Liquidity $1.7B ($1.1B undrawn revolver + $0.6B cash).
- CEO Michelle MacKay cited solid leasing growth, cost discipline, and margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836924000008/0001628369-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836924000008/cwk-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001628369-24-000008

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