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Stock impact report

Brown & Brown, Inc. Announces Quarterly Revenues of $508.7 Million, an Increase of 7.3%, 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., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) today announced its unaudited financial results for the fourth quarter of 2018. Revenues for the fourth quarter of 2018 under U.S. generally accepted accounting principles (“GAAP”) were $508.7 million, increasing $34.4 million, or 7.3%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 7.2%.  Net income was $73.5 million, decreasing $114.0 million, or 60.8%, and diluted net income per share was $0.26, decreasing by 60.6%, each as compared to the fourth quarter of the prior year, with the fourth quarter of the prior year including a one-time benefit to net income and diluted net income per share of $120.9 million and $0.43, respectively, due to the one-time impact of the Tax Cuts and Jobs Act of 2017 (the “Tax Reform Act”).  Total Revenues - Adjusted and Excluding the New Revenue Standard(4) for the fourth quarter of 2018 were $515.0 million Show less Read more
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