earnings
confidence high
sentiment positive
materiality 0.75
Marsh McLennan Q1 2024: Revenue up 9% to $6.5B, adjusted EPS $2.89, +14% YoY
MARSH & MCLENNAN COMPANIES, INC.
2024-Q1 EPS reported
$2.82
revenue$6,473,000,000
- Consolidated revenue $6.5B (+9% GAAP & underlying); operating income $1.9B (+12%); adjusted op income $2.0B (+11%).
- GAAP EPS $2.82 (+14%); adjusted EPS $2.89 (+14%); margin expanded 80 bps.
- Risk & Insurance Services revenue $4.3B (+9%); Consulting revenue $2.2B (+9%); Marsh $3.0B, Guy Carpenter $1.1B.
- Repurchased 1.5M shares for $300M; issued $1B senior notes; acquired SeaTec, Querbes & Nelson, Vanguard OCIO.