NYSE$BRO

Brown & Brown Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Brown & Brown's Q3 2020 revenues increased by 8.9% and diluted net income per share increased to $0.47.

Brown & Brown, Inc. reported Q3 2020 revenues of $674.0 million, an 8.9% increase year-over-year. Diluted net income per share increased to $0.47, a 14.6% increase compared to the prior year. The company's organic revenue increased by 4.3%.

  • Revenues for the third quarter of 2020 were $674.0 million, an increase of 8.9% compared to the third quarter of the prior year.
  • Commissions and fees increased by 8.7%.
  • Organic Revenue increased by 4.3%.
  • Diluted Net Income Per Share increased to $0.47, or 14.6% as compared to the third quarter of the prior year.

Headline financials

Total Revenue

$674M

Previous: $619M+8.9%
EPS (adj)

$0.52

Previous: $0.39+33.3%
Organic Revenue Growth

4.3%

No prior period
Capital Expenditures

-$19.9M

Previous: -$12.2M-63.2%
Free Cash Flow

$114M

Previous: $103M+10.4%
Net Income

$134M

Previous: $116M+16.0%
Operating Income

$159M

Previous: $152M+4.4%
Gross Profit

$674M

Previous: $619M+8.9%
Cash & Equivalents

$1.07B

Previous: $498M+115.1%
Total Assets

$8.8B

Previous: $7.68B+14.5%
Stock-Based Comp

$13.4M

Previous: $10.6M+26.8%

Revenue & EPS history

Brown & Brown · Revenue · Quarterly

$674M

Q3 2020+8.9%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Brown & Brown · $672M total across 2 segments · Q3 2020

  • Commissions & Fees
    $671M+8.7%
  • Investment & Other
    $400K-76.5%

Forward guidance

This press release may contain certain statements relating to future results which are forward-looking statements, including those relating to the Company's anticipated financial results for the third quarter of 2020 and the potential effects of the COVID-19 pandemic (“COVID-19”) on the Company’s business, operations, financial performance and prospects.

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 Q3 2020

Historical avgQ3 2020

-0.4%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.8%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+6.7%

Q4 2019

Best reaction

-10.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-12.8%-15.0%
Q4 2025-5.8%-9.4%-10.6%
Q3 2025-6.1%-9.1%-8.3%
Q2 2025+0.2%+1.7%-1.7%
Q1 2025-6.0%-3.8%-2.8%
Q4 2024-2.6%-2.9%+8.0%
Q3 2024+1.0%+0.2%+8.9%
Q2 2024+6.0%+7.3%+11.9%
Q1 2024+0.9%-0.9%+10.9%
Q4 2023+5.5%+1.1%+4.0%
Q3 2023+3.8%+0.7%+11.0%
Q2 2023+1.8%-0.9%+2.4%
Q1 2023+2.6%+4.9%+2.8%
Q4 2022-4.9%-6.7%-8.5%
Q3 2022-10.5%-4.7%-4.7%
Q2 2022-0.5%+5.1%+5.5%
Q1 2022-3.0%-8.5%-17.1%
Q4 2021+2.0%+2.0%+1.7%
Q3 2021-3.9%-5.1%-0.2%
Q2 2021+0.8%+0.1%+6.5%
Q1 2021+2.8%+5.3%+2.3%
Q4 2020-3.8%-9.3%+0.6%
Q3 2020-3.2%-6.9%-1.8%
Q2 2020-2.0%+0.2%+0.6%
Q1 2020+2.4%+0.9%+15.0%
Q4 2019+6.7%+7.3%+10.5%
Q3 2019+3.8%+4.6%+5.6%
Q2 2019+2.5%+4.9%+3.9%
Q1 2019+3.3%+3.6%+4.8%
Q4 2018-5.1%-1.2%+4.0%
Q3 2018-2.9%-3.2%-2.0%
Q2 2018-2.4%-1.3%+1.9%
Q1 2018+1.7%+6.9%+7.5%
Q4 2017-0.8%+2.4%+0.0%
Q3 2017-0.8%-0.1%+1.1%
Q2 2017-0.6%+1.8%+1.7%
Q1 2017+2.5%+2.9%+1.3%
Q4 2016-1.3%-1.3%-1.5%
Q3 2016+0.4%-2.4%+13.0%
Q2 2016+3.8%+2.9%+0.9%
Q1 2016-2.9%
Q4 2015+1.1%
Q3 2015-0.6%
Q2 2015-3.8%
Q1 2015-0.4%
Q4 2014-0.8%
Q3 2014-0.9%
Q2 2014+3.9%
Q1 2014-4.0%
Q4 2013-10.2%
Q3 2013-2.0%
Q2 2013-0.5%
Q1 2013-1.2%
Q4 2012+6.0%
Q3 2012-2.2%
Q2 2012-1.9%
Q1 2012+0.6%
Q4 2011+1.3%
Q3 2011-2.1%
Q2 2011+0.9%
Q1 2010+0.0%
Q1 2011+2.6%
Q4 2008-3.1%
Q3 2010+0.3%
Q3 2009+0.3%
Q2 2010+0.9%
Q2 2009+0.9%
Q4 2009+0.9%

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