Arthur J. Gallagher reports Q2 EPS $1.90, consensus $1.86

Reports Q2 revenue $2.44B, consensus $2.36B. “We had a fantastic second quarter,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Our core brokerage and risk management segments combined to post 20% reported revenue growth, 10.8% organic revenue growth, a 14% reported net earnings margin, and we improved our adjusted EBITDAC margin 52 basis points. Also during the quarter, we completed 15 new mergers with approximately $349 million of estimated annualized revenue…And, during the second quarter and thus far in July, our data is not showing a slow-down in our customers’ business activity. We are seeing higher exposure units, payrolls and employee counts.”