NYSE$RYAN

Ryan Specialty Group Holdings, Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Ryan Specialty Group's second quarter performance demonstrated strength and reliability, with outstanding revenue growth and strong profitability.

Ryan Specialty Group reported a strong second quarter in 2022, with revenue increasing by 26.0% year-over-year to $491.3 million. The company's organic revenue growth rate was 22.3%. Net income increased by 10.6% to $70.1 million, with diluted earnings per share at $0.22. Adjusted net income grew by 15.4% to $106.4 million, with adjusted diluted earnings per share at $0.39.

  • Revenue grew 26.0% year-over-year to $491.3 million.
  • Organic Revenue Growth Rate was 22.3% for the quarter.
  • Net Income increased 10.6% to $70.1 million, with Diluted Earnings per Share of $0.22.
  • Adjusted Diluted Earnings per Share for the second quarter of 2022 was $0.39.

Headline financials

Total Revenue

$491M

Previous: $390M+26.0%
EPS (adj)

$0.39

Previous: $0.35+11.4%
Organic Revenue Growth

22.3%

Previous: 28.5%-21.8%
Capital Expenditures

-$6.8M

Previous: -$3.94M-72.5%
Free Cash Flow

$17.7M

Previous: $59.5M-70.2%
Net Income

$24.5M

Previous: $63.4M-61.4%
Operating Income

$106M

Previous: $92.3M+14.4%
Gross Profit

$491M

Previous: $390M+26.0%
Cash & Equivalents

$1.68B

Previous: $308M+445.5%
Total Assets

$6.44B

Previous: $4.81B+34.0%

Revenue & EPS history

Ryan Specialty Group · Revenue · Quarterly

$491M

Q2 2022+26%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Ryan Specialty Group · $490M total across 3 segments · Q2 2022

  • Wholesale Brokerage
    $329M+28.6%
  • Underwriting Management
    $101M+26.1%
  • Binding Authority
    $59.8M+11.5%

Forward guidance

The Company is raising its full year 2022 outlook for both Organic revenue growth rate and Adjusted EBITDAC margin.

Tailwinds

  • Organic revenue growth rate guidance range for the full year 2022 is now 16.5% – 18.0%, compared to the Company’s prior guidance range of 13.5% - 15.5%.
  • Adjusted EBITDAC margin guidance range for the full year 2022 is now 29.0% - 30.0%, compared to the Company’s prior guidance range of 28.5% - 30.0%.

Headwinds

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+11.6%

Q1 2022

Best reaction

-22.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.5%-15.5%-8.6%
Q3 2025+8.1%+9.4%+14.6%
Q1 2025+3.2%+9.4%+10.4%
Q4 2024-4.7%+0.6%+3.6%
Q3 2024-5.9%-3.5%+7.7%
Q2 2024+11.3%+4.7%+4.9%
Q1 2024-1.8%-0.5%+5.9%
Q4 2023+7.8%+13.9%+17.9%
Q3 2023+2.6%+2.6%+4.5%
Q2 2023-2.0%-1.6%+11.1%
Q1 2023+2.8%+5.3%+2.1%
Q4 2022-3.8%-5.2%-7.9%
Q3 2022-22.5%-22.7%-7.0%
Q2 2022-0.6%+0.4%-5.9%
Q1 2022+11.6%+13.3%+5.6%
Q4 2021-10.7%-7.9%+0.3%
Q3 2021+7.5%+2.2%+2.3%
Q2 2021+2.4%+4.7%+1.8%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro