- Willis Towers Watson press release ( NASDAQ: WTW ): Q3 Non-GAAP EPS of $2.20 beats by $0.07 .
- Revenue of $1.95B (-1.0% Y/Y) misses by $40M .
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2022 Outlook: Based on current and anticipated market conditions, the Company is maintaining its 2022 full-year targets for organic revenue growth, adjusted operating margin expansion, and non-cash pension income and raising its 2022 full-year targets for run-rate cost savings and foreign currency headwind to adjusted earnings per share as follows:
- Expect to deliver mid-single digit organic revenue growth
- Expect to deliver adjusted operating margin expansion for the full year 2022
- Expect to deliver approximately $110 million in cumulative run-rate savings from the Transformation Program by the end of FY2022, up from $80 million previously
- Expect approximately $20 million year-over-year decline in non-cash pension income
- Expect a foreign currency headwind on adjusted earnings per share of approximately $0.25-$0.30 at today’s rates, up from $0.20-$0.25 previously
For further details see:
Willis Towers Watson Non-GAAP EPS of $2.20 beats by $0.07, revenue of $1.95B misses by $40M