financetom
Business
financetom
/
Business
/
Ryan Specialty Q2 Adjusted Earnings, Revenue Rise; Agrees to Acquire US Assure Insurance Services of Florida
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ryan Specialty Q2 Adjusted Earnings, Revenue Rise; Agrees to Acquire US Assure Insurance Services of Florida
Aug 1, 2024 2:27 PM

04:56 PM EDT, 08/01/2024 (MT Newswires) -- Ryan Specialty Holdings ( RYAN ) reported Q2 adjusted diluted earnings late Thursday of $0.58 per share, up from $0.45 a year earlier.

Analysts polled by Capital IQ expected $0.57.

Revenue for the quarter ended June 30 was $695.4 million, up from $585.1 million a year ago.

Analysts polled by Capital IQ expected $693.1 million.

The company said its board maintained a quarterly dividend of $0.11 per Class A share, payable Aug. 27 to shareholders of record on Aug. 13.

Separately, the company said it has agreed to acquire US Assure Insurance Services of Florida.

Financial terms of the acquisition were not disclosed.

The transaction is expected to close in Q3, subject to closing conditions, the company said.

Price: 62.00, Change: -0.51, Percent Change: -0.82

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oatly Shares Rise After Reporting Narrower Q1 Loss, Higher Revenue
Oatly Shares Rise After Reporting Narrower Q1 Loss, Higher Revenue
Apr 30, 2024
03:00 PM EDT, 04/30/2024 (MT Newswires) -- Oatly Group ( OTLY ) shares were up about 13% in Tuesday trading after reporting a narrower loss and higher revenue in Q1. The company reported a Q1 loss of $0.08 per diluted share, narrower than a loss of $0.13 per share a year ago. Analysts polled by Capital IQ also expected a...
Factbox-More automakers plug into Tesla's EV charging network
Factbox-More automakers plug into Tesla's EV charging network
Apr 30, 2024
(Reuters) - More automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla's plug if they want to be eligible for federal funds. Tesla's North American Charging Standard is more widely available...
Market Chatter: Blackstone in Advanced Talks to Acquire Dulwich Schools in Singapore, South Korea
Market Chatter: Blackstone in Advanced Talks to Acquire Dulwich Schools in Singapore, South Korea
Apr 30, 2024
03:08 PM EDT, 04/30/2024 (MT Newswires) -- Blackstone (BX) is in advanced talks with Education in Motion to acquire some of Dulwich College International's Asian assets for about $600 million, Bloomberg late Monday, citing people with knowledge of the matter. The deal would include acquiring schools in Singapore and South Korea but not ones based in China, according to Bloomberg,...
What's Going On With SoFi Technologies Stock After Earnings?
What's Going On With SoFi Technologies Stock After Earnings?
Apr 30, 2024
SoFi Technologies, Inc. ( SOFI ) shares are trading lower Tuesday. The company posted better-than-expected first-quarter financial results on Monday. The Details: SoFi reported earnings of 2 cents per share which beat the analyst consensus estimate of 1 cent. The company said adjusted revenue increased 26% year-on-year to $580.648 million, beating the consensus of $555.997 million.  SoFi added 622,000 new...
Copyright 2023-2026 - www.financetom.com All Rights Reserved