earnings
confidence high
sentiment neutral
materiality 0.70
WTW Q3 revenue up 11% to $2.2B; adjusted EPS up 2% to $2.24; GAAP EPS down 25%
WILLIS TOWERS WATSON PLC
2023-Q3 EPS reported
$4.06
revenue$6,569,000,000
- Revenue $2,166M, +11% reported, +9% organic; HWC +9% organic, R&B +10% organic.
- GAAP diluted EPS $1.29 (-25% YoY); Adjusted diluted EPS $2.24 (+2% YoY).
- Adjusted operating margin 16.2% (+170bps); Transformation savings cumulative $300M.
- Free cash flow $707M YTD, up from $337M; repurchased $350M of shares in Q3.
- Full-year 2023 target: mid-single digit organic growth, margin expansion, $160M incremental savings.