earnings
confidence high
sentiment positive
materiality 0.65
WTW Q3: adj EPS $2.20 (+27%), organic rev +6%, raises cost-savings target
WILLIS TOWERS WATSON PLC
2022-Q3 EPS reported
$3.71
revenue$6,144,000,000
- Total rev $1.95B (-1% reported, +6% organic); adj op margin 14.5% (+110 bps).
- Adj diluted EPS $2.20 vs $1.73 (+27%); GAAP diluted EPS $1.72 (down 75% on prior-year Aon fee).
- HWC rev $1.16B (organic +4%); R&B rev $765M (organic +6%).
- FY22 transformation savings target raised to ~$110M from $80M; FX headwind increased to $0.25-0.30/sh.
- Recasts 2024 targets lower after Russia exit: rev $9.9B+ (from $10B+), adj op margin 23-24%.