Marsh & McLennan Companies Reports First Quarter 2017 Results
Apr 27, 2017
Underlying Revenue Increases 4% Reflecting Growth Across All Operating Companies
Strong Growth in GAAP Operating Income of 10% and Adjusted Operating Income of 9%
GAAP EPS Rises 20% to $1.09 and Adjusted EPS Increases 17% to $1.08
NEW YORK--(BUSINESS WIRE)--Apr. 27, 2017-- 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, 2017.
Dan Glaser, President and CEO, said: "We are pleased with our performance in the first quarter. Marsh & McLennan Companies had underlying revenue growth across all of our operating companies, with growth of 5% in Risk & Insurance Services and 3% in Consulting. We delivered strong operating income growth with solid margin expansion."
"With a strong start to the year, we believe the Company is well positioned to deliver underlying revenue growth, margin expansion in both operating segments and strong earnings per share growth in 2017," concluded Mr. Glaser.