Arthur J. Gallagher Reports Strong Q4 Results, Exceeding Expectations
ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co. (AJG) announced its fourth-quarter financial results on Thursday, reporting a significant increase in net income compared to the previous year.
Key Financial Highlights:
* Net income: $258.2 million, up from a loss in Q4 2021
* Earnings per share (EPS): $1.12 reported, $2.13 adjusted
* Revenue: $2.68 billion, surpassing analyst estimates
Analysts' Expectations:
* Zacks Investment Research consensus estimate: EPS of $2.02
* Revenue estimate: $2.67 billion
Full-Year Performance:
* Net income: $1.47 billion
* EPS: $6.50
* Revenue: $11.35 billion
Market Reaction:
Arthur J. Gallagher's shares have experienced a slight increase of over 5% year-to-date. At the close of trading on Thursday, shares reached $299.03, marking a 30% growth over the past 12 months.