earnings
confidence high
sentiment positive
materiality 0.80
Gallagher posts Q1 revenue $3.22B, net earnings $612.7M, adj EPS $3.49
Arthur J. Gallagher & Co.
2024-Q1 EPS reported
$2.74
revenue$3,256,700,000
- Total reported revenues $3.218B, up 20% YoY; net earnings $612.7M (+26%).
- Adjusted EPS $3.49 vs $3.02; organic revenue growth 8.9% brokerage, 13.3% risk management.
- 12 acquisitions closed in Q1 with $69.2M estimated annualized revenues.
- Brokerage adjusted EBITDAC margin 39.9% vs 40.2%, impacted by 90bp M&A roll-in.
- Issued $1.0B senior notes (5.45%/5.75%) in February 2024.