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Sep 30, 2022
Ryan Specialty Group Q3 2022 Earnings Report
Ryan Specialty Group's Q3 2022 performance was marked by revenue growth and profitability.
Key Takeaways
Ryan Specialty Group reported a 16.8% increase in total revenue, reaching $412.0 million, driven by a 13.7% organic revenue growth rate. Net income increased to $29.3 million, with diluted earnings per share at $0.09. Adjusted EBITDAC grew by 11.2% to $116.8 million, and adjusted net income rose by 5.7% to $66.6 million, resulting in adjusted diluted earnings per share of $0.25.
Total revenue increased by 16.8% year-over-year to $412.0 million.
Organic revenue growth rate was 13.7% for the quarter.
Net income increased to $29.3 million, with diluted earnings per share at $0.09.
Adjusted EBITDAC increased 11.2% to $116.8 million.
Revenue by Segment
Forward Guidance
The Company is adjusting its full year 2022 outlook for Organic revenue growth rate and Adjusted EBITDAC margin.
Positive Outlook
- Organic revenue growth rate guidance range for the full year 2022 is now 14.5 – 16.0%.
- Adjusted EBITDAC margin guidance range for the full year 2022 is now 29.5% - 30.0%.
Challenges Ahead
- Considering current and developing market factors impacting the binding of project-based construction and M&A transactional liability policies.
- Observed shifts in the market for public company D&O insurance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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