Willis Towers Watson WTW

Willis Towers Watson (WTW) continues to navigate a challenging financial landscape, reporting adjusted earnings of $2.32 per share for Q2 2022, above estimates, but facing a 3% revenue decline to $2.03 billion. The company's strong performance is attributed to increased demand in advisory and consulting services, alongside cost-saving measures projected to yield over $80 million by year-end. Despite earlier issues, including a staggering 41% drop in net income in Q2 2022 and ongoing pressures from a competitive market and inflation, WTW aims for mid-single-digit organic revenue growth. The firm is implementing a major transformation program targeting $300 million in savings by 2024. As WTW looks to the future, it plans significant share repurchases and is addressing rising service costs impacting profitability.