earnings
confidence high
sentiment positive
materiality 0.75
WTW Q1 revenue $2.24B, +8% organic; diluted EPS $1.88, +83% YoY
WILLIS TOWERS WATSON PLC
2023-Q1 EPS reported
$1.88
revenue$2,244,000,000
- Revenue $2.24B (+4% reported, +8% organic); diluted EPS $1.88 (+83% from $1.03).
- Adjusted diluted EPS $2.84 (+7% YoY); adjusted operating margin 18.6% (+140 bps).
- HWC segment revenue $1.29B (+6% organic); Risk & Broking $904M (+10% organic).
- Free cash flow $92M vs ($10M) prior year; repurchased $104M of shares in quarter.
- FY 2023 outlook: mid-single digit organic growth, margin expansion, ~$100M transformation savings.