Willis Towers Watson has announced financial results for the fourth quarter and full year 2018, which ended December 31, 2018...
Excluding the Revenue Standard Impact
- Reported Revenue increased 3% for the quarter and 5% for the year
- Organic Revenue increased 6% for the quarter and 5% for the year
- Diluted Earnings per Share were $1.29 for the quarter and $5.87 for the year
- Adjusted Diluted Earnings per Share were $2.40 for the quarter and $10.33 for the year
- Cash flows from operating activities was $1.3 billion, up 55% over prior year
- Free Cash Flow was $1.1 billion, up 90% over prior year]
Including the Revenue Standard Impact
- Reported Revenue was $2.4 billion for the quarter and $8.5 billionfor the year
- Diluted Earnings per Share were$2.89 for the quarter and $5.27 for the year
- Adjusted Diluted Earnings per Share were $4.00 for the quarter and $9.73 for the year
- Cash flows from operating activities was $1.3 billion
- Free Cash Flow was $1.0 billion
“Our performance this quarter provided an outstanding finish to a strong year,” said John Haley, Willis Towers Watson’s chief executive officer. “We are very pleased with our progress in 2018. We concluded our integration efforts and delivered on our financial commitments; with strong top line growth, meaningful profitability improvement and robust cash flow growth. This momentum, combined with our continued focus on executing our strategy, leaves us very well-positioned for another year of operational success and driving shareholder value.”
To view full results. click here.
