NYSE$RYAN
Ryan Specialty Group Holdings, Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Revenue and earnings increased driven by organic growth and strategic acquisitions.
Ryan Specialty Group reported a strong third quarter in 2024, with revenue increasing by 20.5% year-over-year to $604.7 million and organic revenue growth of 11.8%. Net income also saw a significant increase of 82.4% to $28.6 million, with adjusted diluted earnings per share increasing by 28.1% to $0.41. The company's performance was bolstered by solid organic growth, strategic M&A activity, and effective cost management.
- Total revenue grew by 20.5% year-over-year, reaching $604.7 million.
- Organic revenue growth rate was 11.8% for the quarter.
- Net income increased by 82.4% year-over-year to $28.6 million.
- Adjusted diluted earnings per share increased by 28.1% to $0.41.
Headline financials
Revenue & EPS history
Ryan Specialty Group · Revenue · Quarterly
$605M
Revenue by segment
Ryan Specialty Group · $408M total across 3 segments · Q3 2022
- Wholesale Brokerage$267M+16.6%65.6%
- Underwriting Management$84.7M+19.9%20.8%
- Binding Authority$55.6M+5.3%13.6%
Forward guidance
The Company is maintaining its full year 2024 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin as follows:
Tailwinds
- Organic Revenue Growth Rate guidance for full year 2024 is between 13.0% – 14.0%
- Adjusted EBITDAC Margin guidance for full year 2024 is between 32.0% – 32.5%
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 Q3 2024
-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
| Quarter | Report date | Reaction (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 | — | — | — |
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