Bay Street News

Willis Towers Watson Reports Third Quarter 2019 Earnings

Total revenue1 increased 7% to $1.99 billion, with constant currency growth of 9% and organic growth of 6%
Income from Operations was $107 million or 5.4% of revenue, up 450 basis points over prior yearAdjusted Operating Income was $231 million or 11.6% of revenue, up 120 basis points over prior yearRevenue and Operating Margin increased in all business segmentsCompleted $1 billion bond offering to proactively manage capital structureARLINGTON, Va. and LONDON, Oct. 31, 2019 (GLOBE NEWSWIRE) — Willis Towers Watson (NASDAQ: WLTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the third quarter ended September 30, 2019.“I am pleased with our third quarter results. We delivered another solid quarter of financial results with strong total and organic revenue growth and continued margin expansion,” said John Haley, Willis Towers Watson’s chief executive officer. “The strength and consistency of our performance reflects our commitment to client service — as well as the continued successful execution of our growth strategy. We believe we will have a strong finish to the year and remain confident in our ability to continue delivering profitable growth and generating long-term value for all of our stakeholders.”Company Highlights
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