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Sep 30, 2020
Cushman & Wakefield Q3 2020 Earnings Report
Cushman & Wakefield's financial performance reflected the impact of COVID-19 and cost-saving initiatives.
Key Takeaways
Cushman & Wakefield reported a revenue decrease of 9% to $1.9 billion in Q3 2020 compared to Q3 2019, primarily due to lower brokerage activity. The company reported a net loss of $37.3 million, with adjusted earnings per share at $0.16. Adjusted EBITDA was $117.1 million, a 31% decrease from the prior year. The company is on track to realize annualized cost savings of $400 million.
Revenue decreased by 9% to $1.9 billion compared to the third quarter of 2019.
Net loss was $37.3 million, and loss per share was $0.17.
Adjusted earnings per share was $0.16.
Adjusted EBITDA decreased by 31% to $117.1 million.
Revenue by Segment
Forward Guidance
Company is well positioned to navigate any number of recovery scenarios given their strong financial position and continuing focus on cost management, innovation and operational excellence.
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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