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
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US:NYSE Investor Relations:
brown.edu
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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
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News
- Brown & Brown, Inc. (NYSE: BRO) had its price target raised by analysts at Raymond James from $90.00 to $95.00. They now have an "outperform" rating on the stock.MarketBeat
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- Brown & Brown, Inc. (NYSE: BRO) had its price target raised by analysts at Royal Bank of Canada from $87.00 to $95.00. They now have an "outperform" rating on the stock.MarketBeat
- Origami Risk Selected by Public Risk Underwriters of Florida for Policy Administration and Billing [Yahoo! Finance]Yahoo! Finance
- Brown & Brown's (NYSE:BRO) investors will be pleased with their impressive 204% return over the last five years [Yahoo! Finance]Yahoo! Finance
BRO
Earnings
- 1/22/24 - Beat
BRO
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- 3/25/24 - Form DEF
- BRO's page on the SEC website