8-K
filed January 25, 2024, 6:59 PM ET
ticker AJG
CIK 0000354190
earnings
confidence high
sentiment positive
materiality 0.75
Gallagher posts Q4 adjusted EPS of $1.85, up 24% YoY; revenue up 20%
Arthur J. Gallagher & Co.
2023-FY EPS reported
$4.42
revenue$10,071,900,000
- Q4 adjusted diluted EPS $1.85, up 24% YoY ($1.49); full year adjusted EPS $8.76 vs $7.54.
- Brokerage segment Q4 revenue $2.05B, up 20% with 8.1% organic growth; Risk Management revenue $340M, up 17%.
- Closed 14 new mergers in Q4 with ~$410M annualized revenue; full year 51 acquisitions totaling ~$885M.
- Issued $1B senior notes in Nov (6.5% due 2034, 6.75% due 2054); total debt $7.74B at Dec 31, 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arthur J. Gallagher & Co. reported full year ended December 31, 2023 results: revenue $ 8,637.2, net income $ 1,169.4, EPS $ 5.30.
- Period
- full year ended December 31, 2023
- Revenue
- $ 8,637.2
- Net income
- $ 1,169.4
- EPS
- $ 5.30
- Result
- reported results
Exact text from the filing
(Loss) EBITDAC (Loss) Per Share Segment Year 23 Year 22 Year 23 Year 22 Year 23 Year 22 Year 23 Year 22 (in millions) (in millions) (in millions) Brokerage, as reported $ 8,637.2 $ 7,303.8 $ 1,169.4 $ 1,201.8 $ 2,595.8 $ 2,239.2 $ 5.30 $ 5.58 Net gains on divestitures (9.6 ) (12.1 ) (7.2 ) (9.5 ) (9.6 ) (12.1 ) (0.03 ) (0.05 ) Acquisition integration — —
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arthur J. Gallagher & Co. reported quarter and full year ended December 31, 2023 results: revenue $ 2,393.1, net income $ (39.6), EPS $ (0.15).
- Period
- quarter and full year ended December 31, 2023
- Revenue
- $ 2,393.1
- Net income
- $ (39.6)
- EPS
- $ (0.15)
- Result
- reported results
Exact text from the filing
adjustments (see page 7) — — 24.4 (26.1 ) 46.4 0.7 0.08 (0.12 ) Corporate, as adjusted * 1.2 0.3 (82.3 ) (70.3 ) (49.4 ) (58.6 ) (0.37 ) (0.32 ) Total Company, as reported $ 2,393.1 $ 1,995.2 $ (39.6 ) $ 135.5 $ 514.3 $ 452.1 $ (0.15 ) $ 0.63 Total Company, as adjusted * $ 2,389.0 $ 2,002.6 $ 408.4 $ 321.6 $ 669.0 $ 530.1 $ 1.85 $ 1.49 Total Brokerage & Risk
View on SEC.gov
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