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Jun 30, 2021
Cushman & Wakefield Q2 2021 Earnings Report
Cushman & Wakefield's financial performance improved significantly, driven by revenue growth across all segments and cost reduction actions.
Key Takeaways
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.
Revenue increased by 29% year-over-year to $2.2 billion.
Net income was $52.7 million, with earnings per share of $0.23.
Adjusted EBITDA grew by 85% year-over-year to $219.9 million.
Adjusted EBITDA margin expanded by 335 basis points to 13.5%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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