Brown & Brown (BRO) Tops Q1 EPS by 2c
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Brown & Brown, Inc. Announces Quarterly Revenues of $424.2 Million, an Increase of 4.9%; Earnings per Share of $0.44, an Increase of 12.8%; and a Quarterly Dividend of $0.1225 per Share
April 18, 2016 5:49 PM EDTDAYTONA BEACH, FLÂ -- (Marketwired) -- 04/18/16 -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2016.
Revenues for the first quarter of 2016 under U.S. generally accepted accounting principles ("GAAP") were $424.2 million, increasing $19.9 million, or 4.9%, as compared to the first quarter of the prior year, with Organic Revenue (as defined below) increasing by 1.3%. Net income was $62.1 million, increasing by 9.1%, and diluted earnings per share under GAAP were $0.44.
J. Powell Brown, President and Chief Executive Officer of the Company noted,... More
