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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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