earnings
confidence high
sentiment positive
materiality 0.80
WTW Q2 revenue $2.27B (+5%), adj. EPS $2.55 (+24%); raises 2024 outlook low end
WILLIS TOWERS WATSON PLC
2024-Q2 EPS reported
$3.20
revenue$4,606,000,000
- Revenue $2.27B, reported +5%, organic +6%; diluted EPS $1.36 (+55%), adjusted diluted EPS $2.55 (+24%).
- Adjusted operating margin 17.0% (+240bps); raised 2024 adj. op. margin range to 23.0%-23.5%.
- HWC revenue $1.26B (organic +5%), op. margin 21.9% (+360bps); R&B revenue $979M (organic +10%), op. margin 20.6% (+450bps).
- Raised low end of 2024 adj. EPS guidance to $16.00-$17.00; annual cost savings target increased to ~$450M.
- Repurchased $200M of WTW shares in Q2; H1 free cash flow $361M vs $350M prior year.