earnings
confidence high
sentiment positive
materiality 0.70
Brown & Brown Q1 revenues $1,258M (+12.7%), organic growth 8.6%, EPS $1.02
BROWN & BROWN, INC.
2024-Q1 EPS reported
$1.02
revenue$1,258,000,000
- Total revenues $1,258M (+12.7% YoY); organic revenue growth 8.6% driven by commissions and fees.
- Diluted net income per share $1.02 (+22.9%); adjusted EPS $1.14 (+18.8%).
- EBITDAC-Adjusted $466M (+17.1%); margin improved to 37.0% from 35.7%.
- Net income $293M (+24.2%); income before taxes margin 28.9% vs 26.3%.
- Board declared $0.13 quarterly dividend, payable May 15, 2024 to holders of record May 6.