earnings
confidence high
sentiment positive
materiality 0.85
Ryan Specialty Q2 revenue $695M (+18.8%), acquires US Assure, CEO succession
RYAN SPECIALTY HOLDINGS, INC.
- Revenue $695.4M (+18.8% YoY); organic growth 14.2%; Net income $118M ($0.37 diluted EPS).
- Adjusted EBITDAC $247.7M (+27.6%); margin 35.6% (up 240bps vs 33.2%).
- Announces acquisition of US Assure, a program focused on SME builder's risk; expected to be accretive.
- CEO Patrick Ryan to be succeeded by Tim Turner in October; board declares $0.11/share dividend payable Aug 27.