Willis Towers Watson (WLTW) Tops Q3 EPS by 19c, Revenues Beat; Offers FY18 EPS Guidance Above Consensus
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Willis Towers Watson Reports Strong Third Quarter 2018 Earnings
November 2, 2018 6:00 AM EDTExcluding the Revenue Standard Impact
Reported Revenue was $1.9 billion, an increase of 3%Organic Revenue increased 5% Net Income increased $139 million to $85 million or 4.5% of revenue.Adjusted EBITDA increased 14% to $368 million or 19.4% of revenue, a margin improvement of 200 basis pointsDiluted Earnings per Share increased 258% to $0.63Adjusted Diluted Earnings per Share increased 45% to $1.62Cash flows from operating activities for the nine months ended September 30, 2018 of $753 millionFree Cash Flow for the nine months ended September 30, 2018 increased 72%... More