earnings
confidence high
sentiment positive
materiality 0.75
Ryan Specialty Q1 revenue $552M (+20.6% YoY); adj. EPS $0.35 (+34.6%)
RYAN SPECIALTY HOLDINGS, INC.
- Total revenue $552.0M, up 20.6% YoY; organic revenue growth 13.7% vs. 13.4% prior year.
- Net income $40.7M, +11.6% YoY; adjusted net income $95.4M, +32.9% YoY.
- Adjusted EBITDAC $157.2M, +25.8% YoY; margin expanded 120 bps to 28.5%.
- Adjusted diluted EPS $0.35, up 34.6% YoY; regular quarterly dividend of $0.11/share declared.
- Completed acquisition of Castel on May 1, 2024, adding international delegated authority capability.