Marsh & McLennan (MMC) Tops Q3 EPS by 7c

October 29, 2019 7:03 AM EDT

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Marsh & McLennan (NYSE: MMC) reported Q3 EPS of $0.77, $0.07 better than the analyst estimate of $0.70. Revenue for the quarter came in at $3.97 billion versus the consensus estimate of $4.02 billion.

  • Third Quarter Revenue Growth of 13%; Underlying Revenue Growth of 5%
  • Third Quarter GAAP EPS of $0.59; Adjusted EPS of $0.77
  • Nine Months Revenue Growth of 10%; Underlying Revenue Growth of 4%
  • Nine Months GAAP Operating Income Declines 3%; Adjusted Operating Income Grows 13%

Dan Glaser, President and CEO, said: "We are pleased with our third quarter results, which reflect excellent performance across the Company. In the quarter, we produced 13% revenue growth, 5% underlying revenue growth including growth across both segments, and 10% adjusted operating income growth. For the nine months of 2019, we achieved 4% underlying revenue growth, adjusted operating income grew 13%, and the adjusted operating margin increased 110 basis points to 22.0%."

"Our year-to-date results position us well for a solid year," concluded Mr. Glaser.

For earnings history and earnings-related data on Marsh & McLennan (MMC) click here.

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