Arthur J Gallagher & Co. (AJG) reported a decrease in profits for the fourth quarter compared to the previous year. The company posted earnings of $24.4 million, or $0.11 per share. This is a significant drop compared to the $142.2 million, or $0.66 per share, reported in the same period last year.
When taking into account exceptional items, AJG's adjusted earnings for the period were $444.7 million, or $2.01 per share. The company's revenue for the quarter increased by 20.6%, with the figure rising to $2.05 billion from last year's $1.70 billion.
At a glance, Arthur J Gallagher & Co.'s GAAP earnings showed:
- Fourth quarter earnings of $24.4 million, down from $142.2 million last year.
- Earnings Per Share (EPS) for the fourth quarter was $0.11, down from $0.66 last year.
- Revenue for the fourth quarter was $2.05 billion, up from $1.70 billion last year.
