Willis Towers Watson (WLTW) Reports In-Line Q3 EPS

Willis Towers Watson (NASDAQ: WLTW) reported Q3 EPS of $1.31, in-line with the analyst estimate of $1.31. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $1.98 billion.

• Total revenue1 increased 7% to $1.99 billion, with constant currency growth of 9% and organic growth of 6%
• Income from Operations was $107 million or 5.4% of revenue, up 450 basis points over prior year
• Adjusted Operating Income was $231 million or 11.6% of revenue, up 120 basis points over prior year
• Revenue and Operating Margin increased in all business segments
• Completed $1 billion bond offering to proactively manage capital structure

“I am pleased with our third quarter results. We delivered another solid quarter of financial results with strong total and organic revenue growth and continued margin expansion,” said John Haley, Willis Towers Watson’s chief executive officer. “The strength and consistency of our performance reflects our commitment to client service — as well as the continued successful execution of our growth strategy. We believe we will have a strong finish to the year and remain confident in our ability to continue delivering profitable growth and generating long-term value for all of our stakeholders.”

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

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