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Sep 30, 2021
Cushman & Wakefield Q3 2021 Earnings Report
Cushman & Wakefield reported strong financial results driven by revenue growth across all segments and service lines and margin expansion.
Key Takeaways
Cushman & Wakefield reported revenue of $2.3 billion, up 21% from Q3 2020. Net income was $68.7 million, or $0.30 per share. Adjusted EBITDA was $219.1 million, up 87% from the prior year, with an adjusted EBITDA margin of 12.9%.
Revenue for the third quarter of 2021 of $2.3 billion was up 21% from the third quarter of 2020.
Net income and earnings per share for the third quarter of 2021 were $68.7 million and $0.30, respectively. Adjusted earnings per share was $0.48.
Adjusted EBITDA was $219.1 million, up 87% from the third quarter of 2020.
Adjusted EBITDA margin of 12.9% expanded 405 basis points from the third quarter of 2020.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects the strategic joint venture with Greystone and the exclusive strategic partnership with WeWork to enhance its service platform and drive future growth.
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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