Willis Towers Watson Posts 18% Gain in Adjusted EPS to $3.63

Willis Towers Watson (WTW) posted adjusted diluted earnings of $3.63 per share for the quarter ended Sept. 30, an 18% increase from a year earlier. The result was 4 cents above the $3.59 estimate in an Oct. 28 earnings preview. Revenue rose 8% to $2.460 billion, $10 million above the $2.45 billion estimate. Organic revenue growth was 4%.

Revenue in WTW’s Health, Wealth & Career business increased 7% to $1.350 billion, with organic growth of 4%. Risk & Broking revenue rose 8% to $1.087 billion, including 5% organic growth.

GAAP diluted earnings were $3.24 per share, up 4% year over year. Adjusted operating margin increased to 21.9% from 20.4%, while reported operating margin declined to 17.4% from 18.3%.

Adjusted diluted EPS is a non-GAAP measure. WTW adjusts net income for items including restructuring, transaction and program expenses, and certain acquisition-related adjustments. The company provides advisory, broking and solutions services in people, risk and capital.

“Our strategy is working,” WTW CEO Carl Hess said. The company scheduled its third-quarter earnings call for 9 a.m. ET (13:00 UTC) Thursday, Oct. 29.