Marsh & McLennan Companies Reports Second Quarter 2017 Results
Jul 27, 2017
Underlying Revenue Increases 3% Reflecting Growth Across All Operating Companies
GAAP EPS Rises to $0.96 from $0.90; Adjusted EPS Increases 10% to $1.00
Six Months GAAP EPS Grows 13% and Adjusted EPS Increases 14%
NEW YORK--(BUSINESS WIRE)--Jul. 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 second quarter ended June 30, 2017.
Dan Glaser, President & CEO, said: "In the second quarter, on a consolidated basis, we generated solid underlying revenue growth of 3% with continued earnings growth and margin expansion. Underlying revenue increased across all four operating companies, with 2% growth in Risk & Insurance Services and 4% in Consulting. Earnings per share increased 7% to $0.96, while adjusted EPS rose 10% to $1.00."
"With a strong first half of 2017, we believe the Company is well positioned to deliver underlying revenue growth, margin expansion in both segments, and strong earnings per share growth this year," concluded Mr. Glaser.