Willis Towers Watson Q2 2020 Earnings Report
Key Takeaways
Willis Towers Watson reported a 3% increase in revenue to $2.11 billion for the second quarter of 2020. Diluted earnings per share were $0.72, and adjusted diluted earnings per share were $1.80. The company demonstrated resilience through continued revenue and earnings growth, robust free cash flow enhancement, and a strengthened balance sheet.
Revenue increased by 3% to $2.11 billion, with a 5% increase on a constant currency basis.
Income from operations was $163 million, representing 7.7% of revenue.
Net income attributable to Willis Towers Watson was $94 million, with diluted earnings per share at $0.72.
Adjusted diluted earnings per share were $1.80.
Willis Towers Watson
Willis Towers Watson
Willis Towers Watson Revenue by Segment
Forward Guidance
Due to the uncertainties caused by the COVID-19 pandemic, Willis Towers Watson had previously withdrawn (and consequently fully disclaimed) its full-year 2020 guidance. The Company will re-assess, at a future date, whether we may be able to provide guidance once we have a clearer understanding of the depth, duration, and geographic reach of the pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income