-=Willis Towers (WTW) reported earnings on Thur 9 Feb 23 (b/o)

 

Willis Towers Watson beats by $0.08, reports revs in-line

• Reports Q4 (Dec) earnings of $6.33 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $6.25; revenues rose 0.6% year/year to $2.72 bln vs the $2.7 bln S&P Capital IQ Consensus.
• "Based on current and anticipated market conditions, the Company's full-year targets for 2023 are as follows: Expect to deliver mid-single digit organic revenue growth Expect to deliver adjusted operating margin expansion for the full year 2023 Expect to deliver approximately $100 million of incremental run-rate savings from the Transformation Program in 2023 Expect approximately $112 million in non-cash pension income for the full year 2023 Expect a foreign currency headwind on adjusted earnings per share of approximately $0.01 for the full year 2023 at today's rates."