Ryan Specialty reports Q2 adjusted EPS 66c, consensus 65c

Reports Q2 revenue $855.2M, consensus $830.18M. “We delivered a solid second quarter, particularly in the context of the rapidly declining property rate environment and challenging year-over-year comparison, further highlighting the resiliency of our differentiated platform,” said Patrick G. Ryan, Founder and Executive Chairman of Ryan Specialty (RYAN). “We grew total revenue 23%, supported by another quarter of excellent contributions from our recent M&A cohort and organic growth in a very tough climate. We grew Adjusted EBITDAC 24.5%, further expanded our margins, and grew Adjusted Diluted EPS by 13.8%. In addition, we are expanding our strategic carrier alliances, which should significantly boost our already robust capabilities to generate significant amounts of new business moving forward. We remain relentless in our goal to yet again deliver double-digit organic growth for the full year and remain well positioned for the long-term.”