"Our advice and solutions remain in high demand as our clients navigate an uncertain and volatile macroeconomic and geopolitical landscape," said President and CEO Dan Glaser, who will retire at the end of 2022.
Results:
- Q3 adjusted EPS of $1.18 exceeded the average analyst estimate of $1.22 and increased from $1.08 in the year-ago quarter.
- Revenue of $4.77B at September 30 fell short of the $4.87B consensus, but rose from $4.58B at September 30, 2021.
- Risk and Insurance Services sales of $2.84B climbed 6% from a year ago. Consulting revenue of $1.95B advanced 1% from the year before.
- Total expenses were $3.98B in Q3, up from $3.84B in the year-ago period.
- Operating income of $791M vs. $740M in Q3 2021.