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AON Q1 Earnings Miss Estimates on Higher Expenses, Debt High
Zacks Investment Research· 2024-04-26 19:05
Aon plc (AON) reported first-quarter 2024 adjusted earnings of $5.66 per share, which missed the Zacks Consensus Estimate by 3.4%. The bottom line increased 9.5% year over year.Total revenues advanced 5% year over year to $4.07 billion in the quarter under review but missed the consensus mark by 1.3%. The top line consisted of organic revenue growth of 5% and a 1% favorable impact from foreign currency translation. It also had a 1% favorable impact from fiduciary investment income and a 2% unfavorable impac ...
AON(AON) - 2024 Q1 - Earnings Call Transcript
2024-04-26 15:13
Aon plc (NYSE:AON) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Greg Case - Chief Executive Officer Christa Davies - Chief Financial Officer Eric Andersen - President Conference Call Participants Andrew Kligerman - TD Securities Jimmy Bhullar - JPMorgan Mike Zaremski - BMO Capital Markets Elyse Greenspan - Wells Fargo David Motemaden - Evercore ISI Rob Cox - Goldman Sachs Meyer Shields - KBW Operator Good morning, and thank you for holding. Welcome to Aon plc's First Quart ...
Aon (AON) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-04-26 14:36
Aon (AON) reported $4.07 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.1%. EPS of $5.66 for the same period compares to $5.17 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.12 billion, representing a surprise of -1.29%. The company delivered an EPS surprise of -3.41%, with the consensus EPS estimate being $5.86.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...
Aon (AON) Q1 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-04-26 12:11
Aon (AON) came out with quarterly earnings of $5.66 per share, missing the Zacks Consensus Estimate of $5.86 per share. This compares to earnings of $5.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.41%. A quarter ago, it was expected that this insurance brokerage would post earnings of $4.07 per share when it actually produced earnings of $3.89, delivering a surprise of -4.42%.Over the last four quarters, the company h ...
AON(AON) - 2024 Q1 - Earnings Call Presentation
2024-04-26 11:52
Aon plc First Quarter 2024 Results April 26, 2024 Greg Case Chief Executive Officer Christa Davies Chief Financial Officer ...
AON(AON) - 2024 Q1 - Quarterly Results
2024-04-26 10:02
Exhibit 99.1 Investor Relations News from Aon Aon Reports First Quarter 2024 Results First Quarter Key Metrics • Total revenue increased 5% to $4.1 billion, including organic revenue growth of 5% • Operating margin decreased 210 basis points to 36.0%, and operating margin, adjusted for certain items, increased 100 basis points to 39.7% • EPS increased 6% to $5.35, and EPS, adjusted for certain items, increased 9% to $5.66 • For the first three months of 2024, cash flows from operations was $309 million, and ...
Aon Reports First Quarter 2024 Results
Prnewswire· 2024-04-26 10:01
First Quarter Key Metrics Total revenue increased 5% to $4.1 billion, including organic revenue growth of 5% Operating margin decreased 210 basis points to 36.0%, and operating margin, adjusted for certain items, increased 100 basis points to 39.7% EPS increased 6% to $5.35, and EPS, adjusted for certain items, increased 9% to $5.66 For the first three months of 2024, cash flows from operations was $309 million, and free cash flow decreased 29% to $261 million First Quarter Highlights On April 25, 2024, ...
Aon Announces Early Settlement Date and Total Consideration for its Cash Tender Offers and Related Consent Solicitations for Outstanding Debt Securities of NFP Corp.
Prnewswire· 2024-04-25 20:10
DUBLIN, April 25, 2024 /PRNewswire/ -- Aon plc (NYSE: AON) ("Aon"), a leading global professional services firm, announced today (i) the expected early settlement date of April 26, 2024 (the "Early Settlement Date") for the previously announced cash tender offers (the "Offers") and related consent solicitations (the "Consent Solicitations") by Randolph Acquisition Corp., a wholly owned subsidiary of Aon (the "Offeror"), for any and all of the outstanding 6.875% Senior Notes due 2028 (the "Unsecured 2028 Not ...
Aon completes acquisition of NFP to bring more capability to clients
Prnewswire· 2024-04-25 20:01
–  Faster-than-anticipated close contributes to accretion and free cash flow benefit realization a year earlier than modeled –  As an Aon company, NFP will operate as an independent and connected platform delivering Risk Capital and Human Capital capabilities –  Enterprise value of $13.0 billion, including $7.0 billion cash and assumed liabilities as well as $6.0 billion in equity in the form of 19.0 million Aon shares DUBLIN, April 25, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional ...
6 Warren Buffett Stocks That Will Be Moving This Week
24/7 Wall Street· 2024-04-24 22:59
6 Warren Buffett Stocks That Will Be Moving This Week https://pixabay.com/static/uploads/photo/2015/04/25/05/17/stock-exchange-738671_960_720.jpg Embed from Getty ImagesBerkshire Hathaway (NYSE: BRK.B) is one of the last great conglomerates remaining in America. It is also the investment holding company – and prolific money making machine – run by Chairman and CEO, Warren Buffett.BRK was an old textile manufacturer (founded in the 19th century) that Buffet transformed into a household name while helping h ...