Marsh & McLennan Companies, Inc. (MMC) CEO Dan Glaser on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-04-30 Earnings Summary

EPS of $1.64 beats by $0.08
 | Revenue of $4.65B (14.25% Y/Y) misses by $10.96M

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q1 2020 Earnings Conference Call April 30, 2020 8:30 AM ET

Company Participants

Sarah DeWitt - Head, Investor Relations
Dan Glaser - President and Chief Executive Officer
Mark McGivney - Chief Financial Officer
John Doyle - Chief Executive Officer, Marsh
Peter Hearn - Chief Executive Officer, Guy Carpenter
Scott McDonald - Chief Executive Officer, Oliver Wyman
Martine Ferland - Chief Executive Officer, Mercer

Conference Call Participants

Mike Zaremski - Credit Suisse
Jimmy Bhullar - JP Morgan
Elyse Beth Greenspan - Wells Fargo
Charles Gregory Peters - Raymond James
Suneet Kamath - Citi
Phil Stefano - Deutsche Bank

Operator

Welcome to the Marsh & McLennan’s Companies Conference Call. Today’s call is being recorded. First quarter 2020 financial results and supplemental information were issued earlier this morning. They are available on the Company’s website at www.mmc.com. Please note that remarks made today may include forward-looking statements, including certain expectations related to COVID-19 and other matters.

Forward-looking statements are subject to risk and uncertainties and a variety of factors may cause actual results to differ materially from those contemplated by such statements. For a more detailed discussion of those factors, please refer to our Earnings Release for this quarter and to our most recent SEC filings, including our most recent Form 10-K, all of which are available on the MMC website.

During the call today, we may also discuss certain non-GAAP financial measures. For a reconciliation of these measures to the most closely comparable GAAP measures. Please refer to the schedule in today’s earnings release.

I’ll now turn this over to Dan Glaser, President and CEO of Marsh & McLennan Companies. Please go ahead.

Dan Glaser

Thank very much and good morning. Thank you for joining us to discuss our first quarter results reported earlier today. I’m Dan Glaser, President

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