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More frequent and extreme weather events pose increasing risks to employee health and business performance
Prnewswire· 2024-04-22 10:03
Risk analysis conducted by the newly formed National Commission on Climate and Workforce Health highlights need to bolster people, business, and economic resilience CEOs acknowledge extreme weather will be one of the most critical threats to their businesses in the next year. Yet only 17% of CEOs have invested in strategies to better protect employees from climate health risks. Exposure to more frequent extreme heat, poor air quality and unprecedented weather events directly impacts physical and mental heal ...
Marsh & McLennan Companies(MMC) - 2024 Q1 - Quarterly Report
2024-04-18 20:48
16 8. Acquisitions and Dispositions The Company's acquisitions have been accounted for as business combinations. Net assets and results of operations are included in the Company's consolidated financial statements commencing at the respective purchase closing dates. In connection with acquisitions, the Company records the estimated values of the net tangible assets and the identifiable intangible assets purchased, which typically consist of customer relationships, developed technology, trademarks and non-co ...
Marsh & McLennan (MMC) Q1 Earnings Beat on Strong EMEA Unit
Zacks Investment Research· 2024-04-18 19:10
Marsh & McLennan Companies, Inc. (MMC) reported first-quarter 2024 adjusted earnings per share of $2.89, which surpassed the Zacks Consensus Estimate by 3.6%. The bottom line improved 14% year over year. Its shares gained 2.7% in the pre-market trading session to reflect the outperformance.Consolidated revenues of $6.5 billion advanced 9% year over year in the quarter under review. The figure also rose 9% on an underlying basis. Also, the top line beat the consensus mark by 1.5%.The quarterly results were a ...
Marsh & McLennan Companies(MMC) - 2024 Q1 - Earnings Call Transcript
2024-04-18 15:50
Marsh & McLennan Companies, Inc. (NYSE:MMC) Q1 2024 Earnings Conference Call April 18, 2024 8:30 PM ET Company Participants John Doyle - President & Chief Executive Officer Mark McGivney - Chief Financial Officer Martin South - Chief Executive Officer, Marsh Dean Klisura - Chief Executive Officer, Guy Carpenter Nick Studer - Chief Executive Officer, Oliver Wyman Pat Tomlinson - Chief Executive Officer, Mercer Conference Call Participants David Motemaden - Evercore ISI Jimmy Bhullar - JPMorgan Elyse Greenspa ...
Marsh & McLennan (MMC) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-18 14:36
Marsh & McLennan (MMC) reported $6.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.3%. EPS of $2.89 for the same period compares to $2.53 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.38 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of +3.58%, with the consensus EPS estimate being $2.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Marsh & McLennan Companies(MMC) - 2024 Q1 - Quarterly Results
2024-04-18 11:04
Marsh's revenue in the first quarter of 2024 was $3.0 billion, an increase of 9%, or 8% on an underlying basis. In U.S./Canada, underlying revenue rose 8%. International operations produced underlying revenue growth of 8%, reflecting 9% growth in EMEA, 8% growth in Latin America, and 6% growth in Asia Pacific. Guy Carpenter's revenue in the first quarter was $1.1 billion, an increase of 7%, or 8% on an underlying basis. Consulting Consulting revenue was $2.2 billion in the first quarter of 2024, an increase ...
Why Marsh & McLennan (MMC) Might Surprise This Earnings Season
Zacks Investment Research· 2024-04-17 13:41
Investors are always looking for stocks that are poised to beat at earnings season and Marsh & McLennan Companies, Inc. (MMC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marsh & McLennan is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...
Will Rising Costs Hurt Marsh & McLennan's (MMC) Q1 Earnings?
Zacks Investment Research· 2024-04-15 18:21
Marsh & McLennan Companies, Inc. (MMC) is set to report its first-quarter 2024 results on Apr 18, before the closing bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share (EPS) of $2.78 is indicative of a 9.9% increase from the year-ago quarter’s reported earnings of $2.53 per share. The consensus estimate for revenues is pegged at $6.4 billion, suggesting a rise of 7.6% from the year-ago quarter’s reported figure.Marsh & McLennan’s earnings beat estimates in all t ...
Marsh & McLennan (MMC) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-11 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Marsh & McLennan (MMC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 18, 2024, might help the stock move higher if these key numbers are better than e ...
Marsh & McLennan (MMC) Unit Unveils Oliver Wyman Vector
Zacks Investment Research· 2024-04-09 17:01
Marsh & McLennan Companies, Inc.’s (MMC) business, Oliver Wyman, recently announced that it is combining its aviation brand CAVOK and SeaTec Consulting Inc. into Oliver Wyman Vector. SeaTec Consulting caters to aerospace, defense, aviation and transportation industries. The move is expected to boost Oliver Wyman’s position in the aviation space.Combining these two businesses will result in more significant synergies and deliver excellent solutions to clients in the transportation industry. Oliver Wyman Vect ...