Brown & Brown (BRO) Misses Q1 EPS by 3c

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Go back to Brown & Brown (BRO) Misses Q1 EPS by 3c

Brown & Brown, Inc. Announces Quarterly Revenues of $501.5 Million, an Increase of 7.8%; Diluted Net Income per Share of $0.32; And a Quarterly Dividend of $0.075 per Share

April 23, 2018 5:22 PM EDT

DAYTONA BEACH, Fla., April 23, 2018 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2018. 

Revenues for the first quarter of 2018 under U.S. generally accepted accounting principles (GAAP) were $501.5 million, increasing $36.4 million, or 7.8%, compared to the first quarter of the prior year, with commissions and fees increasing by 12.6% and Organic Revenue(1) increasing by 5.7%. Net income was $90.8 million, increasing $20.7 million, or 29.5%, and diluted net income per share was $0.32, increasing by 28.0%, compared to the first quarter of the... More