Marsh & McLennan Companies Reports First Quarter 2016 Results
Mar 22, 2016
Underlying Revenue Increases 4% Reflecting Growth Across All Operating Companies
GAAP EPS Rises 3% to $.91 from $.88
Adjusted EPS at $.92
NEW YORK--(BUSINESS WIRE)--Apr. 28, 2016-- Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, today reported financial results for the first quarter ended March 31, 2016.
Marsh & McLennan Companies President and CEO Dan Glaser said: "We are pleased with our performance in the first quarter. Underlying revenue increased 4% on a consolidated basis, reflecting growth across all operating companies. Underlying growth was 2% in Risk & Insurance Services and 6% in Consulting. Earnings per share increased 3% to $.91. Adjusted EPS was $.92.
"We are off to a strong start to the year, and believe the Company is well positioned to deliver underlying revenue growth, meaningful margin expansion in both operating segments and strong earnings per share growth in 2016," concluded Mr. Glaser.