Octave Specialty Group reports Q1 adjusted EPS 44c vs (3c) last year

Reports Q1 revenue $104.17M vs $77.86M last year. “I am very pleased with our first quarter results,” said Claude LeBlanc, President and Chief Executive Officer of Octave. “Our core Insurance Distribution business delivered 92% revenue growth, 42% organic growth, the rest from our recent ArmadaCare acquisition. Insurance Distribution Adjusted EBITDA increased to $25 million, nearly four times the same period last year. The diversification of our distribution platform demonstrated the resilience and value of the Octave platform as we delivered our strongest quarter yet, even as we witnessed some headwinds in certain segments of the market.”