earnings
confidence high
sentiment positive
materiality 0.75
Arthur J. Gallagher Q2 adjusted EPS $2.26 beats $1.89 YoY; 14% revenue growth
Arthur J. Gallagher & Co.
2024-Q2 EPS reported
$4.01
revenue$6,032,100,000
- Q2 adjusted EPS $2.26 vs $1.89 YoY; net earnings $285.4M up 21%.
- Total revenues $2.74B, up 14%; combined brokerage/risk management organic growth 7.7%.
- Brokerage adjusted EBITDAC margin improved 100 bps to 33.1%.
- Completed 12 mergers with ~$72M annualized revenue; M&A pipeline >$500M.
- Board appointed Richard Harries, former Atrium CEO, effective immediately.