NYSE$AJG

Arthur J.Gallagher & Co · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Arthur J. Gallagher's Q1 2024 financial results were reported, showing revenue growth and increased net earnings.

Arthur J. Gallagher & Co. reported a strong start to 2024 with a 20% revenue growth in its core brokerage and risk management segments, including 9.4% organic revenue growth. Net earnings increased by 26%, and adjusted EBITDAC grew by 19%.

  • Core brokerage and risk management segments combined to post 20% revenue growth.
  • Organic revenue growth was 9.4%.
  • Net earnings grew by 26%.
  • Adjusted EBITDAC increased by 19%.

Headline financials

Total Revenue

$3.26B

Previous: $2.71B+20.3%
EPS

$2.74

Previous: $3.03-9.6%
Capital Expenditures

-$29.7M

Previous: -$29.7M+0.0%
Free Cash Flow

$579M

Previous: $457M+26.7%
Net Income

$608M

Previous: $487M+25.1%
Operating Income

-$436M

Previous: -$405M-7.5%
Total Assets

$61B

Previous: $45.1B+35.2%

Revenue & EPS history

Arthur J. Gallagher · Revenue · Quarterly

$3.26B

Q1 2024+20.3%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Arthur J. Gallagher · $2.45B total across 2 segments · Q3 2023

  • Brokerage
    $2.12B+22.2%
  • Risk Management
    $331M+20.1%

Forward guidance

The company is well-positioned to win new clients and retain existing customers, with the best team in the business, leading talent and expertise, stellar service, superior analytics, vast amounts of data and a wide global reach. The company is excited about the remainder of 2024 and beyond.

Tailwinds

  • Well positioned to win new clients.
  • Well positioned to retain existing clients.
  • Leading talent and expertise.
  • Stellar service.
  • Superior analytics.

Headwinds

  • High inflation and related monetary policy responses.
  • Failures of financial institutions and other counterparties.
  • Potential U.S. government shutdowns.
  • Political violence and instability, such as the wars in Ukraine and the Middle East.
  • Cybersecurity-related risks.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.1%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+8.2%

Q4 2017

Best reaction

-4.6%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-4.6%-2.6%
Q4 2025-3.3%+1.5%-7.2%
Q3 2025-0.7%-6.7%-11.6%
Q2 2025+0.0%+2.0%+6.5%
Q1 2025+4.1%+6.9%+9.4%
Q3 2024-2.1%-1.3%+5.3%
Q2 2024+3.4%+3.9%+4.9%
Q1 2024-1.1%-0.9%+6.4%
Q4 2023-2.5%-3.6%+2.5%
Q3 2023-1.2%+1.9%+9.4%
Q2 2023-1.6%-0.2%+3.6%
Q1 2023+1.3%+2.3%-0.8%
Q4 2022-1.7%-0.7%-6.3%
Q3 2022+7.2%+6.5%+13.3%
Q2 2022+3.3%-0.6%+8.3%
Q1 2022-3.9%-5.6%-5.6%
Q4 2021+0.9%+2.4%+4.0%
Q3 2021+3.4%+0.5%+0.6%
Q2 2021+1.3%+0.8%+4.5%
Q1 2021+3.5%+3.9%+4.7%
Q4 2020+2.0%+4.0%+5.9%
Q3 2020-0.6%+3.5%+11.1%
Q2 2020+2.6%+0.6%+0.2%
Q1 2020-2.7%+4.3%+18.3%
Q4 2019+3.8%+6.0%-1.3%
Q3 2019-0.8%-0.2%+1.8%
Q2 2019-0.0%-0.6%-4.7%
Q1 2019+1.3%+1.9%+2.7%
Q4 2018+5.5%+7.6%+10.2%
Q3 2018+3.8%+4.1%+7.5%
Q2 2018-0.4%+0.3%+1.4%
Q1 2018-1.9%-1.5%-5.3%
Q4 2017+8.2%+6.5%+5.9%
Q3 2017+0.0%+1.3%+4.6%
Q2 2017+1.3%+0.9%-0.5%
Q1 2017-1.0%-2.3%+1.4%
Q4 2016+1.5%+0.1%+5.7%
Q3 2016-0.4%-1.8%+6.9%
Q2 2016-0.6%-1.1%-1.0%
Q1 2016+2.0%
Q4 2015+1.9%
Q3 2015+0.8%
Q2 2015+1.2%
Q1 2015+1.6%
Q4 2014+2.6%
Q3 2014+3.1%
Q2 2014+0.1%
Q1 2014-4.6%
Q4 2013+1.2%
Q3 2013+0.2%
Q2 2013+1.7%
Q1 2013+0.3%
Q4 2011-0.3%
Q1 2010-0.3%
Q4 2012+1.8%
Q3 2012-0.6%
Q2 2012-0.2%
Q1 2012-0.6%
Q4 2010-1.6%
Q3 2011-3.2%
Q2 2011-3.0%
Q1 2011+1.0%
Q4 2008+0.6%
Q3 2010-0.5%
Q3 2009-0.5%
Q4 2009+1.2%
Q2 2009+1.2%
Q2 2010+1.2%

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