Willis Towers Watson (WLTW) Tops Q1 EPS by 6c, Beats on Revenues

Willis Towers Watson (NASDAQ: WLTW) reported Q1 EPS of $2.71, $0.06 better than the analyst estimate of $2.65. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.17 billion.

Excluding the Revenue Standard Impact

• Reported Revenues were $2.6 billion an increase of 10%
• Organic Revenues increased 6%
• Net Income increased 27% to $447 million or 17.5% of revenues
• Adjusted EBITDA increased 18.8% to $841 million or 33.0% of revenues
• Diluted Earnings per Share increased 32.4% to $3.31
• Adjusted Diluted Earnings per Share increased 19% to $4.41

Including the Revenue Standard Impact

• Reported Revenues were $2.3 billion
• Net Income was $221 million
• Adjusted EBITDA was $557 million or 24.3% of revenues
• Diluted Earnings per Share were $1.61
• Adjusted Diluted Earnings per Share were $2.71

For earnings history and earnings-related data on Willis Towers Watson (WLTW) click here.

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