Arthur J Gallagher & Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Sales Guidance for the Fiscal Year 2013
For the year, the company reported revenues of $2,520.3 million against $2,134.7 million a year ago. Earnings before income taxes $245.3 million against $207.8 million a year ago. Net earnings were $195.0 million or $1.59 diluted per share against $144.1 million or $1.28 diluted per share a year ago. EBITDAC was $432.1 million against $357.6 million a year ago.
The company provided sales guidance for the fiscal year 2013. The company announced as it looks towards 2013, it sees a rate environment that is still showing signs of firming in many lines, clients that are finding ways to grow their businesses even in these uncertain times, a strong M&A pipeline, and an operating environment where the company can control its costs and improve its productivity. The company's sales and high-quality service culture is thriving and the company is in an excellent position for success in 2013.