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Sep 30, 2024
Willis Towers Watson Q3 2024 Earnings Report
Reported strong third quarter results driven by revenue growth and operating leverage.
Key Takeaways
WTW reported a strong third quarter with a 6% increase in revenue. The company's performance was fueled by revenue growth, operating leverage, and the success of its Transformation program. Despite a net loss due to non-cash losses and impairment charges related to the pending sale of TRANZACT, the company is confident in delivering on its targets for the year.
Revenue increased by 6% compared to the same period in the prior year.
Net Loss for the quarter was $1.67 billion, influenced by losses related to the pending TRANZACT sale.
Adjusted EBITDA increased by 15% to $501 million, representing 21.9% of revenue.
The company repurchased $205 million of WTW outstanding shares during the quarter.
Revenue by Segment
Forward Guidance
The Company's full-year targets for 2024 are consistent with those targets that have been previously provided.
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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