8-K
filed February 6, 2024, 6:59 PM ET
ticker WTW
CIK 0001140536
earnings
confidence high
sentiment positive
materiality 0.70
WTW Q4 revenue up 7% to $2.9B; adjusted EPS $7.44 (+18% YoY); FY2024 guidance reaffirmed
WILLIS TOWERS WATSON PLC
2021-FY EPS reported
$9.95
revenue$9,483,000,000
- Q4 revenue $2.91B (+7% reported, +6% organic); FY revenue $9.48B (+7% reported, +8% organic).
- Q4 diluted EPS $5.97 (+11%); adjusted diluted EPS $7.44 (+18%); FY adjusted diluted EPS $14.49 (+8%).
- Q4 adjusted operating margin 34.2% (+180bps); FY adjusted operating margin 22.0% (+110bps).
- Free cash flow FY2023 $1.2B vs $674M prior year; share repurchases $1.0B in FY2023.
- FY2024 targets: revenue ≥$9.9B, adj. operating margin 22.5%-23.5%, adj. EPS $15.40-$17.00.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WILLIS TOWERS WATSON PLC reported fourth quarter ended December 31, 2023 results: revenue $2,914, net income $623, EPS $5.97.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $2,914
- Net income
- $623
- EPS
- $5.97
- Result
- reported results
Exact text from the filing
Key Metrics Q4-23 Q4-22 Y/Y Change Revenue 1 $2,914 $2,722 Reported 7% | CC 6% | Organic 6% Income from Operations $779 $708 10% Operating Margin % 26.7% 26.0% 70 bps Adjusted Operating Income $998 $882 13% Adjusted Operating Margin % 34.2% 32.4% 180 bps Net Income $623 $593 5% Adjusted Net Income $775 $689 12% Diluted EPS $5.97 $5.40 11% Adjusted Diluted EPS $7.44 $6.33 18%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WILLIS TOWERS WATSON PLC reported year ended December 31, 2023 results: revenue $9,483, net income $1,064, EPS $9.95.
- Period
- year ended December 31, 2023
- Revenue
- $9,483
- Net income
- $1,064
- EPS
- $9.95
- Result
- reported results
Exact text from the filing
Full Year 2023, as reported, USD millions, except % Key Metrics FY-23 FY-22 Y/Y Change Revenue 1 $9,483 $8,866 Reported 7% | CC 7% | Organic 8% Income from Operations $1,365 $1,178 16% Operating Margin % 14.4% 13.3% 110 bps Adjusted Operating Income $2,082 $1,851 12% Adjusted Operating Margin % 22.0% 20.9% 110 bps Net Income $1,064 $1,024 4% Adjusted Net Income $1,536 $1,507 2% Diluted EPS $9.95 $8.98 11% Adjusted Diluted EPS $14.49 $13.41 8%
View on SEC.gov
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