WTW Q1 revenue up 4% to $2.34B; adj. EPS $3.29 beats prior year; guidance reaffirmed

WILLIS TOWERS WATSON PLC

2024-Q1 EPS reported $1.83 revenue$2,341,000,000

Q1 revenue $2.34B (+4% reported, +5% organic); diluted EPS $1.83 (down 3%); adjusted diluted EPS $3.29 (+16% YoY).
Adjusted operating margin 20.6% (up 200 bps); GAAP operating margin 12.0% (down 70 bps) on transformation costs.
Health, Wealth & Career revenue $1.34B (+4% organic); Risk & Broking $978M (+8% organic); both segments expanded margins.
Free cash flow -$9M vs +$92M prior year on transformation/discretionary payments; $101M in share repurchases during Q1.
Full-year 2024 targets reaffirmed: revenue ≥ $9.9B, adj. op. margin 22.5%-23.5%, adj. diluted EPS $15.40-$17.00.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WILLIS TOWERS WATSON PLC reported first quarter ended March 31, 2024 results: revenue $2,341, net income $194, EPS $1.83.

Period: first quarter ended March 31, 2024
Revenue: $2,341
Net income: $194
EPS: $1.83
Result: reported results

Exact text from the filing

by our focus on strategic growth initiatives and operating efficiency.” Consolidated Results A s reported, USD millions, except % Key Metrics Q1-24 Q1-23 Y/Y Change Revenue 1 $2,341 $2,244 Reported 4% | CC 4% | Organic 5% Income from Operations $280 $285 (2)% Operating Margin % 12.0% 12.7% (70) bps Adjusted Operating Income $483 $418 16% Adjusted Operating

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Source: SEC EDGAR

accession 0001171843-24-002205

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