Willis Towers Watson (WLTW) Tops Q4 EPS by 4c, Revenues Beat

Willis Towers Watson (NASDAQ: WLTW) reported Q4 EPS of $4.90, $0.04 better than the analyst estimate of $4.86. Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.65 billion.

Total revenue1 increased 13% to $2.69 billion for the quarter and 6% to $9.04 billion for the year
Organic revenue growth of 6% for the quarter and 5% for the year
Income from Operations was $687 million or 25.5% of revenue for the quarter, up 570 basis points over prior year
Income from Operations was $1.33 billion or 14.7% of revenue for the year, up 520 basis points over prior year
Adjusted Operating Income was $809 million or 30.1% of revenue for the quarter, up 270 basis points over prior year
Adjusted Operating Income was $1.83 billion or 20.3% of revenue for the year, up 220 basis points over prior year
Cash flows from operating activities were $1.1 billion for the year and Free Cash Flow was $835 million for the year____________1 The revenue amounts included in this release are presented on a U.S. GAAP basis except where stated otherwise. The segment discussion is on an organic basis.

ARLINGTON, Va. and LONDON, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the fourth quarter and full year 2019, which ended December 31, 2019.

“For the year, Willis Towers Watson generated 5 percent organic revenue growth, which was broad-based across all our businesses and 6 percent growth overall. In addition to our continued progress on the operational front, we successfully completed the acquisition of TRANZACT which helped significantly strengthen Willis Towers Watson’s overall growth profile as total revenue increased 13% in the fourth quarter versus prior year”, said John Haley, Willis Towers Watson’s chief executive officer. “As we look ahead to fiscal year 2020, we remain focused on executing our strategy and confident in our ability to continue delivering significant value for our clients, colleagues and shareholders.”

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

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