Cushman & Wakefield plc (CWK) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.018 Good day, and welcome to the Cushman & Wakefield first quarter 2026 earnings call. 00:00:06.018 -- 00:00:09.322 All participants will be in a listen-only mode. 00:00:09.322 -- 00:00:13.988 After today's presentation, there will be an opportunity to ask questions. 00:00:13.988 -- 00:00:18.153 If anyone should require operator assistance, please press star zero on your telephone 00:00:18.153 -- 00:00:19.675 keypad. 00:00:19.675 -- 00:00:22.919 Please note, this event is being recorded. 00:00:22.919 -- 00:00:27.204 I would now like to turn the conference over to Megan McGrath, Head of Investor Relations. 00:00:27.204 -- 00:00:29.005 Please go ahead. 00:00:29.005 -- 00:00:33.532 Thank you, and welcome to Cushman & Wakefield's first quarter 2026 earnings conference 00:00:33.532 -- 00:00:37.657 call. Earlier today, we issued a press release announcing our financial results for the 00:00:37.657 -- 00:00:42.765 period. This release, along with today's presentation, can be found on our investor relations 00:00:42.765 -- 00:00:45.626 website at ir.cushmanwakefield.com. 00:00:46.590 -- 00:00:50.356 Please turn to the page in our presentation labeled Cautionary Note on Forward-Looking 00:00:50.356 -- 00:00:54.722 Statements. Today's presentation contains forward-looking statements based on our current 00:00:54.722 -- 00:00:59.344 forecast and estimates of future events. These statements should be considered estimates 00:00:59.344 -- 00:01:02.848 only, and actual results may differ materially. 00:01:02.848 -- 00:01:07.333 During today's call, we will refer to non-GAAP financial measures as outlined by SEC 00:01:07.333 -- 00:01:12.439 guidelines. Reconciliations of GAAP to non-GAAP financial measures, definitions of 00:01:12.439 -- 00:01:16.644 ...