secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001628369-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield Q3 net income $33.7M vs loss; leasing grows 13% YoY
-----------------------------------------------------------------------

- Net income of $33.7M ($0.14 diluted EPS) vs net loss of $33.9M a year ago; adjusted diluted EPS $0.23.
- Revenue $2.3B up 3% YoY; global leasing revenue grew 13% led by industrial and office in Americas and APAC.
- Adjusted EBITDA $142.5M decreased 5% YoY, margin 8.7% down 72 bps; year-to-date adjusted EBITDA up 1%.
- Year-to-date free cash flow improved $146.1M to $61.1M; fully repaid term loan due 2025, repriced $1B term loans due 2030 by -50bps.
- Completed sale of non-core Services business in Americas for loss of $4.5M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836924000018/0001628369-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836924000018/cwk-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001628369-24-000018

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