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Stock impact report

Brown & Brown, Inc. Announces Quarterly Revenues of $473.1 Million, an Increase of 1.5%; and Diluted Net Income Per Share of $0.26

Brown & Brown, Inc. (BRO) 
Last brown & brown, inc. earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brown.edu
Company Research Source: GlobeNewswire
DAYTONA BEACH, Fla., July 23, 2018 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2018. Revenues for the second quarter of 2018 under U.S. generally accepted accounting principles (“GAAP”) were $473.1 million, increasing $6.8 million, or 1.5%, compared to the second quarter of the prior year, with commissions and fees increasing by 1.6%. Net income was $73.9 million, increasing $7.8 million, or 11.8%, and diluted net income per share was $0.26, increasing by 13.0%, compared to the second quarter of the prior year. Total Revenues - Adjusted and Excluding the New Revenue Standard(4) for the second quarter of 2018 were $500.3 million, increasing 7.3%, with Organic Revenue(1) increasing by 5.2%. Our Diluted Net Income Per Share - Adjusted and Excluding the New Revenue Standard(6) increased to $0.31, or 29.2%, compared to the second quarter of the prior year, and Diluted Net Income Per Share - Show less Read more
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