Willis Towers Watson Q3 2020 Earnings Report
Key Takeaways
Willis Towers Watson reported a 1% increase in revenue, reaching $2.01 billion. Net income attributable to Willis Towers Watson increased by 61% to $121 million, with diluted earnings per share at $0.93 and adjusted diluted earnings per share at $1.33.
Revenue increased by 1% to $2.01 billion.
Net income attributable to Willis Towers Watson increased by 61% to $121 million.
Diluted earnings per share were $0.93, and adjusted diluted earnings per share were $1.33.
Adjusted EBITDA for the third quarter of 2020 was $382 million, or 19.0% of revenue.
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 previously withdrew (and consequently fully disclaimed) its full-year 2020 guidance. The company continues to be unable to predict the extent of the impact of the COVID-19 pandemic, and remain focused on maintaining a strong balance sheet, liquidity, and financial flexibility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income