Willis Towers Watson (WTW) Tops Q1 EPS by 7c

Willis Towers Watson (NASDAQ: WTW) reported Q1 EPS of $2.84, $0.07 better than the analyst estimate of $2.77. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.22 billion.

GUIDANCE:

2023 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 $100 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 $0.05 for the full year 2023 at today’s rates, up from $0.01 previously

For earnings history and earnings-related data on Weight Watchers (WTW) click here.

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