Cushman & Wakefield plc (CWK) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.818 Good day and welcome to Cushman and Wakefield's first quarter 2025 earnings 00:00:05.818 -- 00:00:10.725 conference call. All participants will be in listen-only mode. 00:00:10.725 -- 00:00:16.031 If you need assistance, please signal a conference specialist by pressing the star key 00:00:16.031 -- 00:00:21.458 followed by zero. After today's presentation, there will be an opportunity 00:00:21.458 -- 00:00:26.565 to ask questions. To ask a question, you may press star then one on 00:00:26.565 -- 00:00:31.771 a touch-tone phone. To withdraw your question, Please press star, then 00:00:31.771 -- 00:00:36.058 two. Please note this event is being recorded. 00:00:36.058 -- 00:00:41.167 I would now like to turn the conference over to Megan McGrath, Head of 00:00:41.167 -- 00:00:43.972 Investor Relations. Please go ahead. 00:00:43.972 -- 00:00:49.261 Thank you, and welcome to Cushman & Wakefield's first quarter 2025 earnings conference 00:00:49.261 -- 00:00:53.769 call. Earlier today, we issued a press release announcing our financial results for the 00:00:53.769 -- 00:00:58.416 period. This release, along with today's presentation, can be found on our investor relations 00:00:58.416 -- 00:01:01.237 website at ir.cushmanwakefield.com. 00:01:02.241 -- 00:01:05.866 Please turn to the page in our presentation labeled Cautionary Note on Forward-Looking 00:01:05.866 -- 00:01:10.291 Statements. Today's presentation contains forward-looking statements based on our current 00:01:10.291 -- 00:01:14.937 forecast and estimates of future events. These statements should be considered estimates 00:01:14.937 -- 00:01:18.242 only, and actual results may differ materially. 00:01:18.242 -- 00:01:22.687 During today's call, we will refer to non-GAAP financi...