Cushman & Wakefield reports Q1 adjusted EPS 9c, consensus 2c

Reports Q1 revenue $2.28B, consensus $2.24B. “We drove excellent first quarter results, increasing organic revenue in each of our service lines and achieving mid-single digit organic growth in our Services business two quarters ahead of target. We realized over 100 basis points of margin improvement while continuing to reduce leverage and invest for growth. These results highlight the strength of our global platform, the benefits of the strategic work we have begun to action and our ability to provide value-added advisory services to clients in evolving market conditions,” said Michelle MacKay, Chief Executive Officer of Cushman & Wakefield. “We have built a strong and resilient growth engine, which is powering us forward across every part of our business and we will continue to execute with discipline and confidence toward capturing meaningful opportunities for long-term growth.”