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Jun 30, 2024
Cushman & Wakefield Q2 2024 Earnings Report
Cushman & Wakefield's second quarter results reflected strategic execution amidst market optimism, marked by leasing revenue growth and improved free cash flow.
Key Takeaways
Cushman & Wakefield reported a 5% decrease in revenue to $2.3 billion for Q2 2024, but net income increased to $13.5 million. Leasing revenue grew by 2%, while services, capital markets, and valuation and other segments experienced declines. The company also announced the sale of a non-core business to accelerate strategic growth investments.
Revenue decreased by 5% year-over-year to $2.3 billion.
Net income increased by $8.4 million to $13.5 million.
Leasing revenue grew by 2%, driven by the Americas and APAC regions.
Adjusted EBITDA decreased by 5% to $138.9 million with a margin of 8.8%.
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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