earnings
confidence high
sentiment positive
materiality 0.75
Ryan Specialty Q3 revenue up 20.5% to $604.7M; adj. EPS $0.41 beats prior year by 28%
RYAN SPECIALTY HOLDINGS, INC.
- Total revenue $604.7M (+20.5% YoY); organic revenue growth 11.8% (vs 15.0% prior year).
- Net income $28.6M ($0.09 diluted EPS), up 82.4% YoY; adjusted net income $113.6M ($0.41 adj. diluted EPS, +28% YoY).
- Adjusted EBITDAC $190.3M (+29.4% YoY), margin expanded 220 bps to 31.5%.
- CEO transition: Tim Turner took over as CEO; Patrick Ryan remains Executive Chairman.
- Board declared $0.11/share quarterly dividend, payable Nov 26 to holders of record Nov 12.