Watson Wyatt & Co. Holdings
1717 H St. NW
Washington, D.C. 20006
www.watsonwyatt.com Year founded: 1946 Industry: Consulting/professional services Revenue: $709.62 Million Net Income/Loss: $57.17 Million Earnings per share: $1.72 Dividend: n/a Stockholder equity: $151.74 Million Auditor: PricewaterhouseCoopers LLP Stock: WW Assets: $514.46 Million Market capitalization: $855.69 Million 52-week high: 26.25 4/7/2004 52-week low: 19.15 4/14/2003 President and CEO: John J. Haley CFO: Carl D. Mautz Employees: 4125 Local employees: 450 Description: Watson Wyatt is a global consulting firm focusing on retirement benefit and compensation planning for companies. It works with its European unit, Watson Wyatt LLP. With 6,000 employees in 89 offices worldwide, the company serves 3,000 clients. Developments: The company's revenue was flat in the latest fiscal year as the slow economy took its toll, but the company goosed profits from $47 million to $57 million. Carl Mautz, chief financial officer, credited cost-cutting, including layoffs. "We think we've had an excellent year," he said, including expanding its market share of Fortune 1000 clients. This fiscal year, though, isn't starting with a bang. Revenue for the second quarter of the fiscal year ended Dec. 31 was down slightly to $170.4 million thanks to a decline at the Technology Solutions Group, which was only partly offset by an increase at the Benefits Group. Income from continuing operations fell by $2 million, to $12 million. The company told investors to expect a 1 percent decline in revenue for this fiscal year and a modest increase in earnings per share from $1.52 to $1.54.
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