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Arthur J. Gallagher (AJG) Tops Q4 EPS by 1c, Revenues Miss

January 31, 2019 4:21 PM

Arthur J. Gallagher (NYSE: AJG) reported Q4 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.2 billion.

"We finished 2018 with a fantastic fourth quarter," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Total company fourth quarter 2018 diluted net earnings per share was $0.63 and total company adjusted diluted net earnings per share was $0.53, up 62% and 15%, respectively.

Our brokerage and risk management segments combined in fourth quarter 2018 to post:

Additionally, we have a very strong pipeline of tuck-in acquisitions globally. Thus far in January we have already announced seven acquisitions for approximately $130 million of annualized revenue. Most importantly, our unique client sales and service culture is stronger than ever across the world."

For earnings history and earnings-related data on Arthur J. Gallagher (AJG) click here.

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