Brown & Brown, Inc. announces first quarter 2024 results, including total revenues of $1,258 million, an increase of 12.7%; Organic Revenue growth of 8.6%; diluted net income per share of ...
Brown & Brown, Inc. (BRO)
Last brown & brown, inc. earnings: 4/27 05:00 pm
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US:NYSE Investor Relations:
brown.edu
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Source: Acquire Media Monitor
Revenues for the first quarter of 2024 under U.S. generally accepted accounting principles ("GAAP") were $1,258 million, increasing $142 million, or 12.7%, compared to the first quarter of the prior year, with commissions and fees increasing by 11.6% and Organic Revenue increasing by 8.6%. Income before income taxes was $364 million, increasing 23.8% from the first quarter of the prior year with Income Before Income Taxes Margin increasing to 28.9% from 26.3%. EBITDAC - Adjusted was $466 million, increasing 17.1% compared to the first quarter of the prior year with EBITDAC Margin - Adjusted increasing to 37.0% from 35.7%. Net income was $293 million, increasing $57 million, or 24.2%, and diluted net income per share increased to $1.02, or by 22.9%, with Diluted Net Income Per Share - Adjusted increasing to $1.14, or by 18.8%, each as compared to the first quarter of the prior year. J. Powell Brown, President and Chief Executive Officer of the Company, noted, “Our teammates delivere
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BRO
News
- Brown & Brown, Inc. (NYSE: BRO) had its price target raised by analysts at Keefe, Bruyette & Woods from $80.00 to $82.00. They now have an "underperform" rating on the stock.MarketBeat
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- Brown & Brown, Inc. (NYSE:BRO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Brown & Brown, Inc. (NYSE: BRO) had its price target raised by analysts at Wells Fargo & Company from $84.00 to $85.00. They now have an "equal weight" rating on the stock.MarketBeat
- Brown & Brown, Inc. (NYSE: BRO) had its price target raised by analysts at Truist Financial Co. from $92.00 to $94.00. They now have a "buy" rating on the stock.MarketBeat
BRO
Earnings
- 4/22/24 - Beat
BRO
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 10-Q
- 4/22/24 - Form 8-K
- BRO's page on the SEC website