earnings
confidence high
sentiment positive
materiality 0.80
WTW Q3 adj. EPS $2.93 beats; revenue up 6% organic; FY24 guidance reaffirmed
WILLIS TOWERS WATSON PLC
2024-Q3 EPS reported
-$13.11
revenue$6,895,000,000
- Revenue $2.29B, up 6% YoY (organic 6%); segments: HWC +4%, R&B +10%.
- Adjusted diluted EPS $2.93 vs $2.24 prior year, up 31%; GAAP diluted loss $16.44 from TRANZACT impairment.
- Adjusted operating margin 18.1% (up 190 bps); Adjusted EBITDA $501M (21.9% of revenue, +15% YoY).
- Net loss $1.67B includes >$1B non-cash impairment loss on pending sale of TRANZACT.
- FY2024 guidance: revenue ≥$9.9B, adj. EPS $16.00-$17.00, adj. operating margin 23.0%-23.5%.