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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%.
Cushman & Wakefield
Cushman & Wakefield
Cushman & Wakefield Revenue by Segment
Cushman & Wakefield Revenue by Geographic Location
Revenue by Segment
Services Revenue
CapyFin.comLeasing Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comValuation and Other Revenue
CapyFin.comGross Contract Reimbursables Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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