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Sep 30, 2020
Willis Towers Watson Q3 2020 Earnings Report
Reported solid margins, strong free cash flow growth, and adjusted EPS growth despite the challenging operating environment.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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