Marsh & McLennan Q3 revenue beats on international risk unit strength
MRSH•Marsh & McLennan’s third-quarter revenue rose 8% to $6.86 billion, beating the $6.64 billion analyst consensus, while adjusted EPS increased 10% to $2.03, above the $1.97 consensus. The company repurchased $500 million of shares during the quarter and provided no specific financial guidance.
1. Quarterly results
Revenue rose 8% to $6.86 billion, compared with analyst expectations of $6.64 billion. Adjusted EPS increased 10% to $2.03, beating the $1.97 consensus; reported EPS was $1.69. Marsh & McLennan repurchased $500 million in shares during the quarter and did not provide specific financial guidance for current or future periods.
2. Segment performance
International risk revenue grew 6% on an underlying basis, with EMEA up 7% and Asia Pacific up 4%. Consulting revenue increased 8% on an underlying basis, and its operating income rose 12%. Investments and Retirement revenue grew 8% on an underlying basis.
