earnings
confidence high
sentiment positive
materiality 0.70
Ryan Specialty Q3 revenue up 21.8% to $502M; adj. diluted EPS $0.32 beats prior year
RYAN SPECIALTY HOLDINGS, INC.
- Total revenue $501.9M, up 21.8% YoY; organic growth rate 14.7%.
- Net income $15.7M vs $29.3M YoY; GAAP diluted loss per share $(0.04) due to discrete deferred tax expense.
- Adjusted EBITDAC $147.0M, up 25.8%; margin expanded to 29.3% from 28.4%.
- Adjusted net income $86.6M, up 30.2%; adjusted diluted EPS $0.32, up 28.0%.
- Agreed to acquire AccuRisk to expand benefits practice; three acquisitions closed in July 2023.