WTW - Willis Towers Watson Public Limited Company (WTW) Q2 2024 Earnings Call Transcript
2024-07-25 15:34:05 ET
Willis Towers Watson Public Limited Company (WTW)
Q2 2024 Earnings Conference Call
July 25, 2024, 09:00 AM ET
Company Participants
Carl Hess - CEO
Andrew Krasner - CFO
Conference Call Participants
Elyse Greenspan - Wells Fargo
Gregory Peters - Raymond James
Rob Cox - Goldman Sachs
Paul Newsome - Piper Sandler
Andrew Kligerman - TD Cowen
Mike Ward - Citi
Michael Zaremski - BMO
Yaron Kinar - Jefferies
David Motemaden - Evercore ISI
Mark Marcon - Baird
Meyer Shields - KBW
Mark Hughes - Truist Securities
Presentation
Operator
Good morning. Welcome to the WTW Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. Please refer to the wtwco.com for the press release and supplemental information that were issued earlier today. Today's call will be available for the next three months on the WTW's website.
Some of the comments in today's call may constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements unless required by law. For a more detailed discussion of these and other risk factors, investors should review the forward-looking statement section of the earnings press release issued this morning, as well as other disclosures in the company's most recent Form 10-K and in other filings the company has made with SEC.
During the call, certain non-GAAP financial measures will be discussed. For reconciliations of the non-GAAP measures as well as other information regarding these measures, please refer to the earnings press release issued this morning and other materials in the Investor Relations section of the company's website.
I will now turn the call over to Carl Hess, WTW's Chief Executive Officer. Please go ahead.
Carl Hess
Good morning, everyone. Thank you for joining us for WTW's second quarter 2024 earnings call. Joining me today is Andrew Krasner, our Chief Financial Officer.
We delivered a strong second quarter, headlined by 240 basis points of year-over-year adjusted operating margin expansion, adjusted diluting earnings per share of $2.55, a 24% increase over prior year, and $361 million of free cash flow. These healthy bottom-line results were the product of our continued robust organic growth, growing operating leverage across our businesses, and the ongoing success of our transformation program. We are very pleased with our sustained momentum from the success of our strategic initiatives, alongside continuing favorite bull market conditions.
Our 6% organic revenue growth in the quarter represents the value proposition of our business, the impact of our investments in talent and technology, and the markets we have prioritized. ...
Willis Towers Watson Public Limited Company (WTW) Q2 2024 Earnings Call Transcript