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Cushman & Wakefield
🇬🇧 NYSE:CWK
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•
Mar 31, 2020

Cushman & Wakefield Q1 2020 Earnings Report

Cushman & Wakefield's financial performance remained relatively stable in Q1 2020, with revenue flat compared to the previous year, but net loss was significantly impacted by restructuring costs and unfavorable revenue mix.

Key Takeaways

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.

Revenue for the first quarter of 2020 was $1.9 billion, flat compared to the first quarter of 2019.

Net loss for the first quarter of 2020 was $55.1 million, with a loss per share of $0.25.

Adjusted EBITDA was $70.3 million, a decrease of 20% from the first quarter of 2019.

The company withdrew its 2020 guidance due to the uncertainty of the impact of COVID-19.

Total Revenue
$1.32B
Previous year: $1.37B
-3.8%
EPS
$0.03
Previous year: $0.1
-70.0%
Adjusted EBITDA
$70.3M
Previous year: $88.4M
-20.5%
Adjusted EBITDA margin
5.3%
Previous year: 6.4%
-17.2%
Gross Profit
$297M
Previous year: $338M
-12.3%
Cash and Equivalents
$380M
Previous year: $411M
-7.7%
Free Cash Flow
-$260M
Previous year: -$229M
+13.6%
Total Assets
$6.62B
Previous year: $6.71B
-1.3%

Cushman & Wakefield

Cushman & Wakefield

Cushman & Wakefield Revenue by Segment

Forward Guidance

Cushman & Wakefield withdrew its 2020 guidance for Adjusted EBITDA and other measures issued on February 27, 2020 due to the growing uncertainty of the impact of COVID-19.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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