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Jun 30, 2020
Cushman & Wakefield Q2 2020 Earnings Report
Reported financial results with revenue down due to lower brokerage activity, but maintained liquidity and cost savings.
Key Takeaways
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.
Revenue for the second quarter of 2020 was $1.7 billion, down 18% from Q2 2019.
Net loss for the second quarter of 2020 was $100.8 million, with a loss per share of $0.46; adjusted earnings per share was $0.19.
Adjusted EBITDA was $118.8 million, a 32% decrease from the second quarter of 2019.
The company maintained significant liquidity with $1.9 billion, including $875.5 million in cash on hand.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cushman & Wakefield has prepared for a variety of economic scenarios with discipline in cost management and operating efficiency, along with a strong financial position, allowing them to take advantage of growth opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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