WTW - Willis Towers Watson Non-GAAP EPS of $2.05 misses by $0.28 revenue of $2.16B beats by $30M
2023-07-27 06:02:45 ET
- Willis Towers Watson press release ( NASDAQ: WTW ): Q2 Non-GAAP EPS of $2.05 misses by $0.28 .
- Revenue of $2.16B (+6.4% Y/Y) beats by $30M .
- 2023 Outlook:
- 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, up from $100 million previously
- 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
- 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.
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Willis Towers Watson Non-GAAP EPS of $2.05 misses by $0.28, revenue of $2.16B beats by $30M