Published on 26 Apr 2024 on Zacks via Yahoo Finance
Arthur J. Gallagher (AJG) Q1 Earnings Beat, Revenues Rise Y/Y
Arthur J. Gallagher & Co. AJG reported first-quarter 2024 adjusted net earnings of $3.49 per share, which beat the Zacks Consensus Estimate by 2.6%. Moreover, the bottom line increased 15.5% on a year-over-year basis.Total revenues were $3.2 billion, up 20.3% year over year, primarily driven by higher commissions, fees and supplemental, contingent revenues and interest income, premium finance revenues, and other income. Moreover, the top line beat the Zacks Consensus Estimate by 2%.The quarter’s results overall benefited from higher adjusted revenues and adjusted EBITDAC across the Brokerage and Risk Management segments, partially offset by higher expenses.
Arthur J. Gallagher & Co. Price, Consensus and EPS Surprise
