NYSE$BRO

Brown & Brown Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Brown & Brown reported Q4 2019 revenues of $579.0 million, a 13.8% increase, and diluted net income per share of $0.27.

Brown & Brown, Inc. announced strong Q4 2019 results with revenues of $579.0 million, a 13.8% increase compared to the prior year. Net income was $76.5 million, a 4.1% increase, and diluted net income per share increased to $0.27, a 3.8% increase.

  • Q4 revenues increased by 13.8% to $579.0 million.
  • Commissions and fees increased by 13.6%.
  • Organic Revenue increased by 5.2%.
  • Diluted net income per share increased to $0.27, a 3.8% increase.

Headline financials

Total Revenue

$579M

Previous: $509M+13.8%
EPS (adj)

$0.28

Previous: $0.27+3.7%
Organic Revenue Growth

5.2%

Previous: 3.6%+44.4%
Capital Expenditures

$25.8M

Previous: $12.7M+103.4%
Free Cash Flow

$205M

Previous: $199M+3.0%
Net Income

$76.5M

Previous: $71.3M+7.2%
Operating Income

$102M

No prior period
Gross Profit

$242M

Previous: $230M+5.5%
Cash & Equivalents

$542M

Previous: $439M+23.5%
Total Assets

$7.62B

Previous: $6.69B+14.0%
Stock-Based Comp

$12.3M

Previous: $10M+23.2%

Revenue & EPS history

Brown & Brown · Revenue · Quarterly

$579M

Q4 2019+13.8%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Brown & Brown · $579M total across 2 segments · Q4 2019

  • Commissions & Fees
    $577M+13.6%
  • Investment & Other
    $1.5M+150.0%

Forward guidance

This press release contains certain statements relating to future results which are forward-looking statements, including those relating to the Company's anticipated financial results for the fourth quarter and full year of 2019.

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 Q4 2019

Historical avgQ4 2019

-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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