Marsh McLennan

$19.00

SKU: MMC Category:

Description

Marsh McLennan delivered an all-around beat in the most recent quarterly result, showcasing strong performance across its businesses and regions, continuing its impressive streak of underlying revenue growth. The company reported an 11% underlying revenue growth on top of a 10% increase in the second quarter of the previous year. Adjusted operating income grew by 17% compared to a year ago, with a 100 basis points expansion in the adjusted operating margin. Adjusted earnings per share (EPS) also surged by 16%. The company raised its quarterly dividend by 20% to $0.71 and executed $300 million in share repurchases during the quarter. The company attributes its success to factors such as strategic investments in market-facing talent, improved sales operations, and client engagement. It also noted a deliberate shift in its business mix towards faster-growth areas. Marsh McLennan’s pledge to deliver value to clients is exemplified by its involvement in aiding Ukraine’s economy. The company, in collaboration with its four businesses, is leveraging its expertise to support Ukraine’s recovery and reconstruction efforts, proposing initiatives such as a war risk insurance pool and a data platform for assessing war risks. The strategic initiatives discussed in the previous quarter, including leadership appointments and enhanced collaboration among business units, have started to yield benefits. Marsh McLennan remains optimistic about its full-year outlook, expecting high single-digit underlying revenue growth, margin expansion, and strong growth in adjusted EPS for 2023.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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