earnings
confidence high
sentiment positive
materiality 0.70
Arthur J. Gallagher Q3 2024 adjusted EPS $2.26, revenue up 13%, organic growth 6%
Arthur J. Gallagher & Co.
2024-Q3 EPS reported
$5.40
revenue$8,838,900,000
- Total company adjusted net earnings $506.3M ($2.26 adj. EPS) vs $442.1M ($2.00) a year ago, up 14% and 13%.
- Brokerage segment adjusted EBITDAC margin expanded 140 bps to 33.6%; organic revenue +6%.
- Risk Management segment organic revenue +6%, adjusted EBITDAC margin improved 30 bps to 20.8%.
- Completed four mergers in Q3 with estimated annualized acquired revenues of $46.7M ($32.7M brokerage, $14M risk mgmt).
- Debt: $4.55B public, $3.523B private, no revolver borrowings; interest costs rose due to 2023/2024 debt issuances.