Loading...
•
Mar 31, 2024
Brown & Brown Q1 2024 Earnings Report
Brown & Brown reported strong Q1 2024 results, marked by revenue growth and margin expansion.
Key Takeaways
Brown & Brown, Inc. announced its Q1 2024 financial results, featuring a 12.7% increase in total revenues to $1,258 million and an 8.6% organic revenue growth. The company's diluted net income per share increased to $1.02, with an adjusted diluted net income per share of $1.14. The Board of Directors has declared a regular quarterly cash dividend of $0.13 per share.
Total revenues increased by 12.7% to $1,258 million.
Organic revenue growth was 8.6%.
Diluted net income per share rose to $1.02.
Adjusted diluted net income per share was $1.14.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements regarding future results, which are subject to various risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements due to factors such as the inability to retain qualified employees, cybersecurity attacks, acquisition-related risks, risks related to international operations, the loss of insurance company relationships, the effects of natural disasters, adverse economic conditions, and regulatory changes.
Positive Outlook
- Company is delivering risk management solutions to individuals and businesses since 1939.
- Company has over 16,000 teammates and 500+ locations worldwide.
- Company is committed to providing innovative strategies to help protect what our customers value most.
- Company uses Organic Revenue growth, Diluted Net Income Per Share - Adjusted and EBITDAC Margin - Adjusted as key performance metrics for our short-term and long-term incentive compensation plans for executive officers and other key employees.
- Company no longer excludes Foreign Currency Translation from the calculation of EBITDAC - Adjusted, EBITDAC Margin - Adjusted and Diluted Net Income Per Share - Adjusted.
Challenges Ahead
- The inability to hire, retain and develop qualified employees, as well as the loss of any of our executive officers or other key employees.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...