Cushman & Wakefield plc (CWK) Tops Q4 EPS by 5c
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Cushman & Wakefield Reports Strong Revenue Growth for Fourth Quarter and Full Year 2019
February 27, 2020 4:09 PM ESTCHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the full year and fourth quarter ended December 31, 2019 and provided 2020 guidance:
Revenue for the full year 2019 was $8.8 billion, up 6% (8% local currencyi). Fee revenue was $6.4 billion, up 8% (9% local currency). Full year Net income was $0.2 million, an improvement of $186.0 million over 2018 with earnings per share of $0.00 and Adjusted earnings per share of $1.64. Full year Adjusted EBITDA was $724.4 million, up 10% (11% local currency). Adjusted EBITDA margin of 11.3% was up 25 bps. Revenue for the fourth quarter of 2019 was $2.6 billion, up... More