Cushman & Wakefield Ltd. 8K

Cushman & Wakefield Ltd. reported Q2 2026 results with double-digit revenue growth, higher Adjusted EBITDA and raised 2026 Adjusted EPS guidance, alongside significant refinancing and partial redemption of its 2028 senior secured notes that lowered borrowing costs and extended debt maturities.

Cushman & Wakefield Ltd. reported its unaudited financial results for the second quarter and first half of 2026, highlighting 11% year-over-year revenue growth to $2.8 billion driven by strong Services and 27% Leasing growth, while net income for the quarter declined 8% to $52.7 million due to higher interest expense, capital markets softness, and increased costs. The company raised its full-year 2026 Adjusted EPS guidance to 18%-23% growth (from 15%-20%), reported record second-quarter leasing, services and total revenues, and its lowest gross debt balance ever. Management detailed key non-GAAP metrics including a 14% increase in Adjusted EBITDA to $183.6 million and a 17% rise in Adjusted EPS to $0.35, and described capital structure actions, notably a June 2026 amendment to its credit agreement that repriced and extended its senior secured term loan (to SOFR plus 2.25% with maturity in 2033) and upsized it by $352.5 million, with proceeds used along with a May partial redemption to reduce 2028 senior secured notes by $450 million in the quarter, plus an additional $50 million partial redemption of 2028 notes completed on August 4, 2026. Liquidity as of June 30, 2026 stood at $1.5 billion, with $1.0 billion available under the undrawn revolver and $0.5 billion of cash, and net debt of approximately $2.1 billion, while the filing also provides segment performance detail across Americas, EMEA, and APAC, reconciliations for non-GAAP measures, and standard forward-looking statement and risk disclosures.

Filing Facts

CIK

1628369

Ticker

-

Form

8K

Source Type

sec

Accession

0001628369-26-000116

Alert Tier

7