BRP Group reports Q4 adjusted EPS 14c, consensus 11c

Reports Q4 revenue $284.6M, consensus $280.76M. The company said, “We capped 2023 with another solid quarter of double-digit organic growth, leading us to generate full year organic revenue growth of nearly 20% and further illustrating the power and underlying health of our platform. Our team continues to develop and deliver innovative solutions for our Clients, and we made significant progress in the quarter in terms of our expense rationalization efforts. As a result, we entered 2024 well-positioned to deliver another year of profitable double-digit organic growth, while meaningfully accelerating expanding margins and free cash flow in order to further strengthen our balance sheet. I’m proud of our entire team’s tireless efforts to execute for our Clients and setting us up to generate additional long-term value for our shareholders.”