July 30, 2016 5:42 AM ET

Professional Services

Company Overview of Towers Watson & Co.

Company Overview

Towers Watson & Co. offers risk management and human resource consulting services. The firm provides communication and change management, corporate risk management and risk financing, executive compensation, insurance industry consulting, retirement, talent assessment and talent management, and technology and administration services. Additionally, it provides employee survey, data, health and group benefits, mergers and acquisitions, and sales effectiveness and rewards solutions. The firm was founded in 1865 and is based in Arlington, Virginia. Towers Watson & Co. operates as a subsidiary of Willis Towers Watson Public Limited Company.

901 North Glebe Road

Arlington, VA 22203

United States

Founded in 1865

39,000 Employees

Phone:

703-258-8000

Fax:

703-258-8585

Key Executives for Towers Watson & Co.

Chief Financial Officer and Vice President
Age: 58
Managing Director of Group Exchange Business and Chief Executive Officer of Liazon
Managing Director of Exchange Solutions Business Segment
Age: 58
Chief Marketing Officer and Head of Marketing
Global Practice Leader of Communication and Change Management
Compensation as of Fiscal Year 2016.

Towers Watson & Co. Key Developments

Towers Watson & Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015

Towers Watson & Co. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported revenue of $949,615,000 compared to $957,922,000 for the same period a year ago. Income from operations was $70,693,000 compared to $167,010,000 for the same period a year ago. Income before income taxes was $67,248,000 compared to $165,752,000 for the same period a year ago. Net income attributable to common stockholders was $11,211,000 compared to $110,176,000 for the same period a year ago. Adjusted EBITDA was $204,862,000 compared to $210,913,000 for the same period a year ago. For six months, the company reported revenue of $1,845,236,000 compared to $1,836,029,000 for the same period a year ago. Income from operations was $200,093,000 compared to $293,008,000 for the same period a year ago. Income from continuing operations before income taxes was $251,189,000 compared to $291,316,000 for the same period a year ago. Net income attributable to common stockholders was $134,593,000 compared to $191,734,000 for the same period a year ago. Cash flows used in operating activities were $7,631,000 compared to cash flows from operating activities $1,900,000 for the same period a year ago.

Towers Watson & Co.(NasdaqGM:TW) dropped from Russell 3000 Index

Towers Watson & Co.(NasdaqGM:TW) dropped from Russell 3000 Index

Towers Watson & Co. Announces Amended and Restated Certificate of Incorporation and Bylaws; Announces Fiscal Year Change to End on December 31

On January 4, 2016, pursuant to the Agreement and Plan of Merger, dated as of June 29, 2015, as amended on November 19, 2015, by and among Willis Group Holdings Public Limited Company, Citadel Merger Sub Inc. and Towers Watson & Co. (“Towers Watson”), Towers Watson and Willis combined their businesses in an all-stock merger of equals transaction (the “Merger”). Entry into the Merger Agreement was announced by Towers Watson and Willis on June 30, 2015, and the Merger Agreement was approved by the Towers Watson stockholders and Willis shareholders at their respective special meetings held on December 11, 2015. In connection with the consummation of the Merger and in accordance with the terms of the Merger Agreement, effective as of January 4, 2016, Towers Watson’s certificate of incorporation and bylaws were amended and restated, and Towers Watson’s fiscal year was changed to end on December 31.

Similar Private Companies By Industry

Company Name Region
1-2-3 Payroll & HR Services, Inc. United States
123College.com, Inc. United States
151 Ventures, LLC United States
1790 Analytics, LLC United States
1847 Holdings LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 14, 2015
Brovada Technologies Incorporated
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Towers Watson & Co., please visit www.towerswatson.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.