Ryan Specialty Holdings (RYAN) reported Q3 adjusted net income late Wednesday of $0.41 per diluted share, up from $0.32 a year earlier.
Analysts polled by Capital IQ expected $0.41.
Revenue for the quarter ended Sept. 30 rose to $604.7 million from $501.9 million a year earlier.
Analysts surveyed by Capital IQ expected $601.1 million.
For 2024, the company continues to expect organic revenue to grow between 13% and 14%.
Separately, Ryan Specialty said it's in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments.
Innovisk generated roughly $58 million of operating revenue for the year ended July 31, Ryan Specialty said, adding that it expects the deal to close early next month.
Price: 69.60, Change: +0.47, Percent Change: +0.68
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