Marsh & McLennan Companies Reports First Quarter 2018 Results
Apr 26, 2018
Underlying Revenue Increases 4%, Reflecting Growth Across All Operating Companies
GAAP EPS Rises 23% to $1.34 and Adjusted EPS Increases 28% to $1.38
Excluding Revenue Standard Impact, GAAP EPS Grows 9% and Adjusted EPS Increases 14%
NEW YORK--(BUSINESS WIRE)--Apr. 26, 2018-- 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, 2018.
Dan Glaser, President and CEO, said: "We are pleased with our performance in the first quarter. On a consolidated basis, Marsh & McLennan delivered strong underlying revenue growth of 4% with continued solid earnings growth and margin expansion. We had underlying revenue growth across all of our operating companies, with growth of 3% in Risk & Insurance Services and 5% in Consulting. Adjusted EPS grew 14%, excluding the impact of the new revenue recognition standard."
"We are off to a good start to the year and are well positioned to deliver underlying revenue growth in the 3-5% range, margin expansion and strong growth in earnings per share in 2018," concluded Mr. Glaser.