Brown & Brown (BRO) Tops Q4 EPS by 1c
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Brown & Brown, Inc. Announces Quarterly Revenues of $433.6 Million, an Increase of 7.1%; and Earnings per Share of $0.41
January 23, 2017 5:00 PM ESTDAYTONA BEACH, FL -- (Marketwired) -- 01/23/17 --
Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the fourth quarter of 2016.
Revenues for the fourth quarter of 2016 under U.S. generally accepted accounting principles ("GAAP") were $433.6 million, an increase of $28.9 million, or 7.1%, as compared to the fourth quarter of the prior year, with Organic Revenue (as defined below) increasing by 3.5%. Net income was $57.7 million, a decrease of 0.7%, and diluted earnings per share were $0.41, unchanged from the fourth quarter of the prior year. Excluding the impact of... More
