Cushman & Wakefield Earnings Reports

Cushman & Wakefield saw a 3% increase in revenue to $2.63 billion, with net income rising to $112.9 million. Leasing revenue increased by 6%, while capital markets revenue grew by 35%. Adjusted EBITDA rose to $222.3 million, with an adjusted EPS of $0.48.

Cushman & Wakefield reported a 3% increase in revenue to $2.3 billion and a net income of $33.7 million for the third quarter of 2024, compared to a net loss of $33.9 million in the same quarter of the previous year. The company's performance was driven by strong leasing revenue growth, particularly in the Americas and APAC regions.

Cushman & Wakefield reported a 5% decrease in revenue to $2.3 billion for Q2 2024, but net income increased to $13.5 million. Leasing revenue grew by 2%, while services, capital markets, and valuation and other segments experienced declines. The company also announced the sale of a non-core business to accelerate strategic growth investments.

Cushman & Wakefield reported a 3% decrease in revenue to $2.2 billion for Q1 2024. Net loss decreased by 62% to $28.8 million, and adjusted EBITDA increased by 28% to $78.1 million with an adjusted EBITDA margin of 5.2%.

Cushman & Wakefield reported a 4% decrease in revenue to $2.6 billion for Q4 2023. Net income increased to $69.8 million, while adjusted EBITDA decreased by 3% to $213.1 million. Leasing increased 5%, while Capital markets declined 31%.

For the third quarter of 2023, Cushman & Wakefield reported a revenue of $2.3 billion, a decrease of 9% compared to the same period in 2022. The company experienced a net loss of $33.9 million, and adjusted EBITDA was $150.0 million, down 26% year-over-year. Despite these declines, the company highlighted improvements in free cash flow and cost efficiency efforts.

Cushman & Wakefield reported a decrease in revenue and adjusted EBITDA for Q2 2023 compared to the previous year, primarily driven by declines in leasing and capital markets revenue. However, the services business demonstrated resilience, and the company continued to execute its strategic priorities.

Cushman & Wakefield reported a decrease in revenue and a net loss for the first quarter of 2023. Revenue decreased by 4% to $2.2 billion, and the company experienced a net loss of $76.4 million, compared to a net income of $45.5 million in the same quarter of the previous year. The decline was primarily due to lower brokerage revenue, particularly in Leasing and Capital Markets, although Property, facilities and project management grew. The company is focused on operating efficiency and cost savings initiatives to navigate the challenging environment.

Cushman & Wakefield's Q4 2022 revenue was $2.6 billion, an 8% decrease compared to Q4 2021. Net income was $29.8 million, and adjusted EBITDA was $219.7 million, a 37% decrease year-over-year. Adjusted earnings per share were $0.46, down from $0.94 in the prior year.

Cushman & Wakefield reported an 8% increase in revenue for Q3 2022 compared to Q3 2021, driven by growth in Leasing and Property, facilities and project management. Net income decreased by 65% due to unrealized losses on fair value investments and higher commissions. Adjusted EBITDA decreased by 8%.

Cushman & Wakefield reported a revenue of $2.6 billion for Q2 2022, a 16% increase compared to Q2 2021. Net income was $97.2 million, up 84% from the prior year, and adjusted EBITDA increased by 20% to $262.8 million. The growth was primarily driven by strong performance in Leasing and Capital Markets.

Cushman & Wakefield reported strong first quarter results with a 21% increase in revenue and a significant improvement in net income compared to the previous year. The growth was driven by strong performance across all segments, especially in Leasing and Capital Markets. The company's adjusted EBITDA also saw a substantial increase, reflecting the impact of revenue growth and improved efficiency.

Cushman & Wakefield reported strong Q4 2021 results, with revenue increasing by 27% and adjusted EBITDA increasing by 76%. The company's performance was driven by growth in all segments and service lines, particularly in Capital Markets and Leasing. Strategic investments in Greystone and WeWork were completed during the quarter.

Cushman & Wakefield reported revenue of $2.3 billion, up 21% from Q3 2020. Net income was $68.7 million, or $0.30 per share. Adjusted EBITDA was $219.1 million, up 87% from the prior year, with an adjusted EBITDA margin of 12.9%.

Cushman & Wakefield reported strong financial results for the second quarter of 2021, with revenue up 29% to $2.2 billion and adjusted EBITDA up 85% to $219.9 million. The company's performance was driven by a recovery in brokerage activity, particularly in the Americas, and by cost reduction actions and operating efficiency initiatives.

Cushman & Wakefield reported a slight increase in revenue for Q1 2021, driven by growth in property management and valuation services. However, the company reported a net loss due to the impact of COVID-19 on brokerage activity. Adjusted EBITDA increased significantly due to cost savings and operating efficiency initiatives.

Cushman & Wakefield reported a decrease in revenue for Q4 2020, primarily due to lower brokerage activity impacted by the COVID-19 pandemic. Net loss and loss per share were reported, but adjusted earnings per share was positive. The company's cost management and portfolio diversification partially offset the challenging demand environment.

Cushman & Wakefield reported a revenue decrease of 9% to $1.9 billion in Q3 2020 compared to Q3 2019, primarily due to lower brokerage activity. The company reported a net loss of $37.3 million, with adjusted earnings per share at $0.16. Adjusted EBITDA was $117.1 million, a 31% decrease from the prior year. The company is on track to realize annualized cost savings of $400 million.

Cushman & Wakefield reported a decrease in revenue for Q2 2020, primarily due to lower brokerage activity resulting from the COVID-19 pandemic. Net loss was $100.8 million, but the company maintained significant liquidity and generated cost savings.

Cushman & Wakefield reported flat revenue and a net loss for the first quarter of 2020. Revenue remained consistent with the previous year, while the net loss was $55.1 million, impacted by restructuring costs and a shift in revenue mix. The company withdrew its 2020 guidance due to the uncertainty of COVID-19.

Cushman & Wakefield reported a revenue of $2.6 billion for the fourth quarter of 2019, up 9% compared to the same period last year. Net income for the quarter was $3.1 million, and adjusted EBITDA was $293.0 million, up 24% from the fourth quarter of 2018.