Cushman & Wakefield Q2 2024: revenue $2.3B (-5% YoY), net income $13.5M, leasing grows 2%

Cushman & Wakefield Ltd.

2024-Q2 EPS reported -$0.07 revenue$4,472,800,000

Revenue $2.3B, down 5% YoY; leasing up 2% driven by Americas and APAC.
Net income $13.5M vs $5.1M in Q2 2023; adjusted diluted EPS $0.20.
Adjusted EBITDA $138.9M, down 5% YoY; margin 8.8%.
Free cash flow improved >$130M YTD; liquidity $1.7B at quarter end.
Sold a non-core business for strategic focus; repriced $1B term loans, reducing rate by 35 bps.

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