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Stock impact report

Marsh & McLennan Companies Reports Strong First Quarter 2020 Results

Marsh & McLennan Companies, Inc. (MMC) 
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: marsh.com
Company Research Source: Business Wire
Underlying Revenue Increases 5%GAAP Operating Income Rises 14% to $1.1 billionStrong Growth in Adjusted Operating Income of 15% to $1.2 billionGAAP EPS Rises 6% to $1.48 and Adjusted EPS Increases 8% to $1.64 NEW YORK--(BUSINESS WIRE)--Marsh & McLennan Companies, Inc. (NYSE:MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2020.Dan Glaser, President and CEO, said, “Marsh & McLennan had an excellent first quarter. We marked the one-year anniversary of our acquisition of JLT and are realizing the benefits of the combination. In the quarter, we grew total revenue 14% and delivered strong underlying revenue growth of 5%, with underlying growth across both Risk and Insurance Services and Consulting. We also increased our adjusted operating income by 15%, adjusted margin by 80 basis points and adjusted EPS by 8%.Although the COVID-19 pandemic will affect all businesses in Show less Read more
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