Willis Towers Watson (WLTW) Tops Q4 EPS by 20c, Revenues Beat

Willis Towers Watson (NASDAQ: WLTW) reported Q4 EPS of $5.23, $0.20 better than the analyst estimate of $5.03. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.72 billion.

• For the year, cash flows from operating activities were $1.8 billion, up 64% compared to $1.1 billion in the prior year
• For the year, free cash flow almost doubled to $1.6 billion compared to $835 million in the prior year
• Revenue1 increased 3% for both the quarter and the year
• Organic revenue growth of 2% for both the quarter and the year
• Diluted Earnings per Share were $3.66 for the quarter, down 12% over prior year
• Diluted Earnings per Share were $7.65 for the year, down 5% over prior year
• Adjusted Diluted Earnings per Share were $5.23 for the quarter, up 7% over prior year
• Adjusted Diluted Earnings per Share were $11.70 for the year, up 7% over prior year

“Our performance in the fourth quarter provided a strong finish to a good year in a difficult environment,” said John Haley, Willis Towers Watson’s chief executive officer. “We produced solid margins, almost doubled free cash flow, and delivered remarkable adjusted EPS growth. The results reflect the strong dedication and adaptability of our colleagues and their commitment to the values that underpin our Company. I couldn’t be prouder of Willis Towers Watson’s accomplishments to date and I look forward to our continued momentum in 2021 as we move toward our planned combination with Aon.”

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

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