Earnings Call Summary | Cushman & Wakefield(CWK.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cushman & Wakefield(CWK.US) Q1 2024 Earnings Conference
The following is a summary of the Cushman & Wakefield Plc (CWK) Q1 2024 Earnings Call Transcript:
以下是庫什曼和韋克菲爾德有限公司（CWK）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Cushman & Wakefield's Q1 fee revenue remained consistent at $1.5 billion compare to the previous year.
Adjusted EBITDA was up 29% from the same period of the previous year, rising to $78 million.
Their adjusted EBITDA margin improved to 5.2% boosted by increased leasing revenue and cost-cutting measures taken in 2023.
Adjusted earnings per share broke even, compared to a $0.04 per share loss from last year.
Q1 overall free cash flow was recorded as a use of $136 million, an improvement from a usage of $231 million in the previous year.
與去年相比，庫什曼和韋克菲爾德第一季度的費用收入保持穩定，爲15億美元。
調整後的息稅折舊攤銷前利潤比去年同期增長29％，增至7800萬美元。
受租賃收入增加和2023年採取的削減成本措施的推動，他們調整後的息稅折舊攤銷前利潤率提高至5.2％。
調整後的每股收益收支平衡，而去年的每股虧損爲0.04美元。
第一季度總自由現金流的使用量爲1.36億美元，較去年的2.31億美元有所改善。
Business Progress:
業務進展：
Cushman & Wakefield posted another quarter of global leasing growth and notable improvements in capital markets.
The company reported positive trends with a 5% increase in leasing revenue.
Despite struggling, the company foresees a growth acceleration in its services sector in H2 2024.
The firm continues to strengthen its financial position through optional debt prepayments and term loan repricing, diminishing annual cash interest expenses.
The company plans to focus on profitable growth, possibly moving away from contracts that don't provide acceptable margins.
Cushman & Wakefield is planning asset sales, with updates expected later in the year.
Improved leasing activity could bolster project management performance in 2024.
Ongoing discussions are centered on growth vs debt repayment, with a focus on improving its balance sheet and positioning itself to seize recovery opportunities.
The company's debt maturities have been successfully extended to 2030, indicating a strong capital structure and substantial liquidity.
庫什曼和韋克菲爾德公佈了又一個季度的全球租賃增長和資本市場的顯著改善。
該公司報告了積極的趨勢，租賃收入增長了5％。
儘管苦苦掙扎，但該公司預計其服務業將在2024年下半年加速增長。
該公司繼續通過可選債務預付和定期貸款重新定價來鞏固其財務狀況，減少年度現金利息支出。
該公司計劃將重點放在盈利增長上，可能會放棄利潤率不高的合同。
庫什曼和韋克菲爾德正計劃出售資產，預計將在今年晚些時候公佈最新情況。
租賃活動的改善可能會提高2024年的項目管理績效。
正在進行的討論以增長與債務償還爲中心，重點是改善其資產負債表和爲抓住復甦機會做好準備。
該公司的債務到期日已成功延長至2030年，這表明其強大的資本結構和充足的流動性。
More details: Cushman & Wakefield IR
更多詳情： 庫什曼和韋克菲爾德紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。