Marsh & McLennan Reports Third Quarter 2019 Results
Nov 30, 2019
Third Quarter Revenue Growth of 13%; Underlying Revenue Growth of 5%
Third Quarter GAAP EPS of $0.59; Adjusted EPS of $0.77
Nine Months Revenue Growth of 10%; Underlying Revenue Growth of 4%
Nine Months GAAP Operating Income Declines 3%; Adjusted Operating Income Grows 13%
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2019-- Marsh & McLennan Companies, Inc. (NYSE:MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2019.
Dan Glaser, President and CEO, said: "We are pleased with our third quarter results, which reflect excellent performance across the Company. In the quarter, we produced 13% revenue growth, 5% underlying revenue growth including growth across both segments, and 10% adjusted operating income growth. For the nine months of 2019, we achieved 4% underlying revenue growth, adjusted operating income grew 13%, and the adjusted operating margin increased 110 basis points to 22.0%."
"Our year-to-date results position us well for a solid year," concluded Mr. Glaser.