Cushman & Wakefield plc (CWK) Reports In-Line Q4 EPS
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Cushman & Wakefield Reports Strong Revenue Growth for Fourth Quarter 2018 and Record Full Year 2018 Financial Performance
February 27, 2019 4:16 PM ESTCHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the full year and fourth quarter ended December 31, 2018i and provided 2019 guidance:
Revenue for the full year 2018 was $8.2 billion, up 19% (19% local currencyii). Fee revenue was $6.0 billion, up 12% (12% local currency). Full year Net loss decreased $35.5 million to $(185.8) million, with Net loss per share of $(1.09) and Adjusted earnings per share of $1.67. Full year Adjusted EBITDA was $659.1 million, up 25% (26% local currency). Adjusted EBITDA margin of 11.1% was up 115 bps. Revenue for the fourth quarter was... More