Aon plc (NYSE: AON) reported Q2 EPS of $1.71, $0.07 better than the analyst estimate of $1.64. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.51 billion.

Second Quarter Key Metrics as Comparable to Pro Forma Financials and Highlights(1)

• Total revenue increased 10% to $2.6 billion, including 5% organic revenue growth
• Operating margin increased to (0.6)%, and operating margin, adjusted for certain items, increased 130 basis points to 22.0%
• EPS increased to $0.19, and EPS, adjusted for certain items, increased 31% to $1.71
• For the first six months of 2018, cash flow from operations decreased 5% to $413 million, and adjusted free cash flow increased 17% to $580 million, when excluding certain near-term impacts related to the divestiture of the outsourcing business
• Repurchased 2.8 million Class A Ordinary Shares for approximately $400 million
• Announced an 11% increase to the quarterly cash dividend
• Took further steps to unite the firm including the appointment of Eric Andersen and Michael O\'Connor as Co-Presidents to further align the leadership team, as well as the move to a single brand to increase consistency and reinforce focus on long-term growth
• Launched our Intellectual Property Solutions Group with the acquisition of 601West providing increased industry knowledge for clients working to protect and maximize their most valuable asset in today\'s business world – intellectual property

"Our second quarter results reflect continued momentum toward our mission with positive performance across each of our key financial metrics; including strong organic revenue growth of 5% overall and substantial operational improvement reflected in 17% operating income growth and +130 basis points of operating margin expansion. During the quarter, we took specific steps to strengthen our client-serving capabilities and create greater long-term operating leverage," said Greg Case, Chief Executive Officer. "We enter the second half of the year with momentum, operating from a position of strength and on track to deliver our near-term target of exceeding $7.97 adjusted earnings per share for the full year 2018. More important, we believe these further steps toward our mission to unite the firm will help deliver our potential for clients and colleagues and will unlock significant shareholder value creation through double-digit free cash flow growth over the long-term."

For earnings history and earnings-related data on Aon plc (AON) click here.