CBRE said GAAP EPS for Q3 2024 rose 20% to $0.73, and Core EPS rose 67% to $1.20. Revenue for the same quarter was $9,036 million, and net revenue was $5,318 million.

1. 01

   CBRE said GAAP EPS for Q3 2024 rose 20% to $0.73, and Core EPS rose 67% to $1.20. Revenue for the same quarter was $9,036 million, and net revenue was $5,318 million.

2. 02

   The company said Advisory Services segment revenue for Q3 was $2,395 million, up 19.0%, and segment operating profit was $414 million. Global Workplace Solutions segment revenue was $6,346 million, and segment operating profit was $318 million.

3. 03

   CBRE said cash flow provided by operations for Q3 2024 was $573 million, capital expenditures were $79 million, and free cash flow was $494 million, up 60.9% from $307 million a year earlier.

4. 04

   The company said it raised its full-year Core EPS outlook to $4.95 to $5.05, up from $4.70 to $4.90. As of September 30, 2024, its net leverage ratio was 1.26x, with total debt of $4,002 million and cash of $1,025 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.