Willis Towers Watson (NASDAQ: WTW) reported Q3 EPS of $2.24, $0.19 better than the analyst estimate of $2.05. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.08 billion.

Outlook

Based on current and anticipated market conditions, the Company's full-year targets for 2023 are as follows:

Expect to deliver mid-single digit organic revenue growth
Expect to deliver adjusted operating margin expansion for the full year 2023
Expect to deliver approximately $160 million of incremental run-rate savings from the Transformation program in 2023
Expect approximately $112 million in non-cash pension income for the full year 2023
Expect a foreign currency headwind on adjusted earnings per share of approximately $0.07 for the full year 2023 at today’s rates, up from $0.05 previously
Expect approximately 12% free cash flow margin for the full year 2023. See Supplemental Materials for further information on near-term and long-term free cash flow guidance.

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