Aon plc (AON) Tops Q1 EPS by 2c, Revenues Miss

Aon plc (NYSE: AON) reported Q1 EPS of $3.68, $0.02 better than the analyst estimate of $3.66. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.3 billion.

First Quarter Key Metrics From Continuing Operations

• Total revenue increased 2% to $3.2 billion, including organic revenue growth of 5%
• Operating margin increased to 32.1%, and operating margin, adjusted for certain items, increased 200 basis points to 35.7%
• EPS increased to $3.29, and EPS, adjusted for certain items, increased 11% to $3.68
• For the first three months of 2020, cash flows from operations increased $264 million to $338 million, and free cash flow increased $262 million to $279 million

"We are fortunate to operate from a position of strength, as demonstrated by the strong results our team delivered in the first quarter, including 5% organic revenue growth and substantial operating margin expansion of 200 basis points. I want to thank our 50,000 colleagues around the world for their remarkable support of each other and our clients as we navigate through this humanitarian and economic crisis," said Greg Case, Chief Executive Officer. "Our Aon United Strategy and pending combination with Willis Towers Watson are more important than ever as we focus on accelerating innovation to bring the best of our firm to clients during this time of unprecedented volatility."

For earnings history and earnings-related data on Aon plc (AON) click here.

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