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Arthur J Gallagher & Co (AJG)
NYSE:AJG
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.06Last Year’s EPS
$1.85Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -1.35%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call revealed strong overall performance with significant revenue and margin growth across segments, particularly in international markets. The company also displayed a robust M&A pipeline, indicating a positive outlook. However, there were challenges such as flat growth in Canada and potential impacts from natural disasters. While there were some headwinds, particularly in timing issues with large life insurance sales, the company expects these to resolve in the near term.Company Guidance
During Arthur J. Gallagher & Company's Q3 2024 earnings call, J. Gallagher reported strong financial metrics, highlighting a 13% growth in revenue for the brokerage and risk management segments and a 6% organic growth, excluding interest income. The company achieved a net earnings margin of 15.5% and an adjusted EBITDAC margin of 31.9%, marking a year-over-year increase of 123 basis points. GAAP earnings per share stood at $1.90, while adjusted earnings per share rose to $2.72, reflecting a 16% year-over-year increase. In the brokerage segment, revenue grew by 13% with an organic growth of 6%, and the adjusted EBITDAC margin expanded by 137 basis points to 33.6%. The Risk Management segment reported a revenue growth of 12% with a 6% organic increase, achieving an adjusted EBITDAC margin of 20.8%, 35 basis points higher than the previous year. Gallagher also provided guidance for the full year 2024, expecting brokerage organic growth around 7.5%, with the Risk Management segment's full-year organic growth pushing 9% and margins in the 20.5% range.Strong Third Quarter Performance
The company reported 13% growth in revenue for the combined brokerage and risk management segments, with organic growth of 6%. Adjusted EBITDAC margin expanded by 123 basis points to 31.9%, and adjusted earnings per share increased by 16% year-over-year.
Brokerage Segment Success
The Brokerage segment posted 13% revenue growth, with organic growth of 6%. Adjusted EBITDAC margin increased by 137 basis points to 33.6%.
International Growth
International operations, particularly in Australia and New Zealand, led with over 10% organic growth. The UK was up 6%, while Canada remained flat.
Reinsurance and Specialty Growth
Reinsurance, wholesale, and specialty businesses achieved an organic growth of 8%.
Risk Management Segment Growth
Gallagher Bassett saw 12% revenue growth and 6% organic growth, with an adjusted EBITDAC margin of 20.8%, up 35 basis points from last year.
Positive M&A Outlook
Completed 4 new mergers representing $47 million of estimated annualized revenue, with a robust pipeline of more than 100 mergers representing approximately $1.5 billion of annualized revenue.
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AJG 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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AJG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $286.98 | $282.41 | -1.59% |
| Jul 25, 2024 | $272.87 | $282.44 | +3.51% |
| Apr 25, 2024 | $235.44 | $232.62 | -1.20% |
| Jan 25, 2024 | $235.66 | $230.98 | -1.99% |
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 Arthur J Gallagher & Co (AJG) report earnings?
Arthur J Gallagher & Co (AJG) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Arthur J Gallagher & Co (AJG) earnings time?
Arthur J Gallagher & Co (AJG) earnings time is at Jan 23, 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 AJG EPS forecast?
AJG EPS forecast for the fiscal quarter 2024 (Q4) is $2.06.
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