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Home > Fortune 500 Companies > Marsh and McLennan
Marsh and McLennan
Marsh and McLennan is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under MMC.
They have come forward as a major force in investment management, through the acquisition of Putnam Investments in 1970 and the firm's subsequent growth into one of the largest mutual fund companies in the world. Putnam was established in 1937.
It is a global professional services firm with annual revenues of around 12 billion dollars. There are around, 55,000 employees who provide advice, analysis and transactional capabilities to clients in over 100 countries.
In the fourth quarter, consolidated revenues were 2.8 billion dollars, a 2 percent decline from the fourth quarter of 2004. Net income was 35 million dollars, compared with a net loss of 680 million dollars, in the fourth quarter of 2004. Income from continuing operations was 17 million dollars, compared with a net loss of 683 million dollars, or in the fourth quarter of 2004.
Full-year consolidated revenues were 11.7 billion dollars, compared with 11.8 billion dollars in 2004. Net income for the full year was 404 million dollars, compared with 176 million dollars, in 2004. Income from continuing operations was 369 million dollars, compared with 154 million dollars. Excluding noteworthy items and stock option expense, earnings per share for the full year from net income was 1.57 dollars, compared with 2.38 dollars in 2004.
Its consolidated revenues in 2005 were 11.7 billion dollars, compared with 11.8 billion dollars in 2004. Net income was 404 million dollars, compared with 176 million dollars, in 2004. Income from continuing operations in 2005 was 369 million dollars, compared with 154 million dollars, in 2004. The company is significantly strengthened its financial position in 2005.
They reduced total net debt at yearend to 3.5 billion dollars, a reduction of more than 400 million dollars from 3.9 billion dollars at the end of 2004 They did this through strong operating cash flows, successful restructuring actions, and asset dispositions. They refinanced their debt, moved cash back to the United States in a tax-efficient manner, and made considerable contributions to their employee pension plans in the United States and the United Kingdom.
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