earnings
confidence high
sentiment positive
materiality 0.70
Gallagher Q1 2023: adjusted EPS $3.03, up 9.8% YoY; organic growth 9.7%
Arthur J. Gallagher & Co.
2023-Q1 EPS reported
$2.24
revenue$2,706,100,000
- Reported revenues $2,672.9M (+11% YoY); adjusted EBITDAC $958.3M (+12.9%).
- Brokerage organic growth 9.1% (commissions +9.5%); Risk Mgmt organic fees +14.3%.
- Completed 10 acquisitions with $69M estimated annualized revenues in Q1.
- Issued $950M senior notes (5.50% 2033, 5.75% 2053) on March 2, 2023.
- CEO expects insurance/reinsurance pricing increases to continue through 2023.