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Mar 31, 2022
Cushman & Wakefield Q1 2022 Earnings Report
Cushman & Wakefield reported record first quarter results, driven by strong performance across all segments, particularly in brokerage.
Key Takeaways
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.
Revenue increased by 21% to $2.3 billion, with service line fee revenue up 27%.
Net income improved to $45.5 million, compared to a net loss of $17.2 million in the first quarter of 2021.
Adjusted EBITDA increased by 115% to $214.4 million, with an adjusted EBITDA margin of 12.6%.
Leasing and Capital Markets grew 56% and 74%, respectively.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cushman & Wakefield is well positioned with a strong balance sheet and ample liquidity to continue to drive our growth strategy and to deliver material value to our shareholders.
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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