Marsh & McLennan (MMC) Tops Q4 EPS by 6c, Revenues Beat

Marsh & McLennan (NYSE: MMC) reported Q4 EPS of $1.19, $0.06 better than the analyst estimate of $1.13. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.26 billion.

• Full-Year Revenue Growth of 3%; Underlying Revenue Growth of 1%
• Full-Year GAAP Operating Income Rises 14%; Adjusted Operating Income Increases 9%
• Full-Year GAAP EPS Increases 16% to $3.94; Adjusted EPS Increases 7% to $4.97
• Fourth Quarter GAAP EPS of $0.73; Adjusted EPS of $1.19

Dan Glaser, President and CEO, said: “2020 was a year like no other. I am proud of how our colleagues rose to the challenge, helping clients and one another and achieving impressive financial performance. We ended the year with a strong fourth quarter with positive underlying revenue growth. In 2020, we achieved revenue growth of 3% with underlying revenue growth of 1% and grew adjusted EPS 7%.

“We demonstrated our resilience as a company in 2020 and are well positioned for growth in 2021.”

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

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