Brown & Brown (BRO) Tops Q2 EPS by 5c
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Brown & Brown, Inc. Announces Quarterly Revenues of $446.5 Million, an Increase of 6.5%; and Earnings per Share of $0.47, an Increase of 9.3%
July 18, 2016 5:00 PM EDTDAYTONA BEACH, FL -- (Marketwired) -- 07/18/16 -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the second quarter of 2016.
Revenues for the second quarter of 2016 under U.S. generally accepted accounting principles ("GAAP") were $446.5 million, increasing $27.1 million, or 6.5%, as compared to the second quarter of the prior year, with Organic Revenue (as defined below) increasing by 2.6%. Net income was $66.2 million, increasing by 8.5%, and diluted earnings per share were $0.47, increasing by 9.3%.
Revenues for the six months ended June 30, 2016 under GAAP were $870.7 million, increasing $47.0 million, or 5.7%, as... More
