Brown & Brown (BRO) Tops Q4 EPS by 2c

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Go back to Brown & Brown (BRO) Tops Q4 EPS by 2c

Brown & Brown, Inc. Announces Quarterly Revenues of $404.7 Million, an Increase of 3.0%; and Earnings per Share of $0.41

January 25, 2016 5:28 PM EST

DAYTONA BEACH, FL -- (Marketwired) -- 01/25/16 -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the fourth quarter of 2015. 

Revenues for the fourth quarter of 2015 under U.S. generally accepted accounting principles ("GAAP") were $404.7 million, increasing $11.6 million, or 3.0%, as compared to the fourth quarter of the prior year, with Organic Revenue (as defined below) increasing by 2.5%. Diluted earnings per share under GAAP were $0.41 and $0.38 on an adjusted basis, an increase of 5.6% as detailed in the schedules below.

Revenues for the twelve months ended December 31, 2015 under GAAP were $1,660.6... More