- Willis Towers Watson press release ( NASDAQ: WTW ): Q4 Non-GAAP EPS of $6.33 beats by $0.08 .
- Revenue of $2.72B (+0.4% Y/Y) beats by $20M .
- Organic Revenue growth of 5% for the quarter
- Operating Margin was 26.0% for the quarter, up 50 basis points over prior year
- Adjusted Operating Margin was 32.4% for the quarter, up 20 basis points over prior year
- Full Year 2023 Guidance of mid-single digit Organic Revenue growth and continued Adjusted Operating Margin expansion
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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 $0.01 for the full year 2023 at today’s rates
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Willis Towers Watson Non-GAAP EPS of $6.33 beats by $0.08, revenue of $2.72B beats by $20M