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Sep 30, 2024
Ryan Specialty Group Q3 2024 Earnings Report
Revenue and earnings increased driven by organic growth and strategic acquisitions.
Key Takeaways
Ryan Specialty Group reported a strong third quarter in 2024, with revenue increasing by 20.5% year-over-year to $604.7 million and organic revenue growth of 11.8%. Net income also saw a significant increase of 82.4% to $28.6 million, with adjusted diluted earnings per share increasing by 28.1% to $0.41. The company's performance was bolstered by solid organic growth, strategic M&A activity, and effective cost management.
Total revenue grew by 20.5% year-over-year, reaching $604.7 million.
Organic revenue growth rate was 11.8% for the quarter.
Net income increased by 82.4% year-over-year to $28.6 million.
Adjusted diluted earnings per share increased by 28.1% to $0.41.
Revenue by Segment
Forward Guidance
The Company is maintaining its full year 2024 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin as follows:
Positive Outlook
- Organic Revenue Growth Rate guidance for full year 2024 is between 13.0% – 14.0%
- Adjusted EBITDAC Margin guidance for full year 2024 is between 32.0% – 32.5%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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