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Brown & Brown (BRO)
NYSE:BRO
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.29Last Year’s EPS
1.14Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 5.32%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for Brown & Brown with significant revenue growth, margin expansion, and successful M&A activities. However, there were challenges in specific segments such as the Retail segment growth and declining CAT property rates, which impacted the overall results. Despite these challenges, the overall sentiment remains positive due to the strong financial performance and optimistic outlook for 2025.Company Guidance
During the fourth quarter earnings call, Brown & Brown reported impressive financial results, highlighting various key metrics. The company achieved revenues of $1.4 billion for the fourth quarter, representing a 15% increase in total and 14% organic growth compared to Q4 2023. The adjusted EBITDAC margin improved by nearly 200 basis points to 33%, while adjusted earnings per share surged 24.5% to $0.86. For the full fiscal year 2024, Brown & Brown delivered revenues of $4.8 billion, marking a 13% total growth and over 10% organic growth. The company also reported an adjusted EBITDAC margin exceeding 35%, with an increase of more than 100 basis points, and adjusted diluted net income per share rose over 18% to $3.84. Additionally, Brown & Brown completed 10 acquisitions in the fourth quarter, contributing approximately $137 million in annual revenue, with the largest acquisition being Quintes in the Netherlands. The company generated nearly $1.2 billion in cash from operations for the year and maintained a strong balance sheet, positioning itself for continued growth in 2025.Strong Revenue Growth
Brown & Brown delivered nearly $5 billion in revenue for the fiscal year 2024, with total revenue growth of 13% and organic growth over 10%.
Margin Expansion
Adjusted EBITDAC margin improved by more than 100 basis points for the year, reaching over 35%.
Earnings Per Share Increase
Adjusted earnings per share grew 24.5% in Q4 to $0.86 and 18% for the full year to $3.84.
Programs Segment Performance
The Programs segment delivered 38.6% organic growth in Q4 and 22.4% for the full year.
Successful M&A Activity
Completed 10 acquisitions in Q4 with estimated annual revenues of $137 million and $174 million for the year.
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BRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $107.69 | $104.87 | -2.62% |
| Oct 28, 2024 | $103.06 | $104.74 | +1.63% |
| Jul 22, 2024 | $92.78 | $97.65 | +5.25% |
| Apr 22, 2024 | $82.03 | $82.46 | +0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brown & Brown (BRO) report earnings?
Brown & Brown (BRO) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Brown & Brown (BRO) earnings time?
Brown & Brown (BRO) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRO EPS forecast?
BRO EPS forecast for the fiscal quarter 2025 (Q1) is 1.29.
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