Towers Watson & Co. offers risk management and human resource consulting services. The company 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. Towers Watson & Co. was formerly known as Towers Watson Delaware Inc. and changed its name to Towers Watson & Co. in January, 2010. The company was founded in 1865 and is based in Arlington, Virginia. Towers Wats...
901 North Glebe Road
Arlington, VA 22203
Founded in 1865
Towers Watson & Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015
Mar 10 16
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. Announces Amended and Restated Certificate of Incorporation and Bylaws; Announces Fiscal Year Change to End on December 31
Jan 5 16
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.