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Jun 30, 2022
Willis Towers Watson Q2 2022 Earnings Report
Announced financial results that were in line with expectations, raised the target for run-rate savings, and continued to return capital to shareholders.
Key Takeaways
WTW reported a 3% decrease in revenue compared to the same period last year, with revenue reaching $2.03 billion. However, excluding a 4% foreign currency headwind, revenue increased by 1%. On an organic basis, revenue increased 3%. The company is raising its target for run-rate savings from $30 million to over $80 million in 2022 and expects to achieve in excess of $300 million by the end of 2024.
Revenue was $2.03 billion, a decrease of 3% compared to the prior-year second quarter.
Excluding a 4% foreign currency headwind, revenue increased 1%. On an organic basis, revenue increased 3%.
Adjusted EBITDA was $450 million, or 22.2% of revenue, down 3% compared to the prior-year second quarter.
The company repurchased approximately $471 million of WTW stock during the quarter.
Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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