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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅŠ ๅ…ฅ March 2022
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BROWN & BROWN $BRO Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $1.73B (Est. $1.76B) ๐Ÿ”ด; +7.4% YoY ๐Ÿ”น Adj. EPS: $1.07 (Est. $1.09) ๐Ÿ”ด; +1.9% YoY ๐Ÿ”น Organic Revenue Growth: +1.2% (Est. 1.9%) ๐Ÿ”ด ๐Ÿ”น Adj. EBITDAC Margin: 34.6%; vs 36.6% LY Announcements: ๐Ÿ”น Added approximately 5,000 new teammates from Accession just over a year ago Other Q3 Metrics: ๐Ÿ”น Organic Revenue with Contingents Growth: +1.5% ๐Ÿ”น Adj. EBITDAC: $597M (Est. $603M) ๐Ÿ”ด; +1.7% YoY ๐Ÿ”น Commissions and Fees: $1.70B (Est. $1.74B) ๐Ÿ”ด ๐Ÿ”น Net Income: $240M; +5.7% YoY ๐Ÿ”น GAAP EPS: $0.67; -1.5% YoY Key Updates: ๐Ÿ”น 2025 interest income benefit: ~$29M ๐Ÿ”น Change in estimated acquisition earn-out payables: $0.06 per-share benefit ๐Ÿ”น Acquisition/Integration Costs: $0.09/share ๐Ÿ”น Amortization: $0.25/share Comments: ๐Ÿ”ธ โ€œThe third quarter reflected the incredible efforts of our teammates to win more customers in spite of a challenging rate environment.โ€
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