everyone. afternoon, good And Pat. Thanks,
As Pat end make way and release. to I'll top said, a M&A. on to move CFO wrap comments few results document Today the we I'll line really I'll start excellent then strong commentary comments and on earnings up website the quarter a off referencing some cash and of with XXXX. our post another
the release to let's the page brokerage Okay, segment. of turn earnings two to
$X.XX per of see You'll we posted earnings share. adjusted that
our As to like your there looks puts to about consensus. X models, you are compared and takes compare results
came incentive compensation additional $X.XX better or after and about it in million like most thought. of contingents than taxes. you it an First, looks $X Call
offsetting two are there However items.
million. to First, like going M&A $X than our guidance million And million, lower other roll picks million $XX above March tax taxes were it after million guidance your interest expenses second, March XX to $X that way. non-controlling looks for or by XXth combined $X.XX $X about were over $X about our the or by about is million $X revenues and
these Otherwise But operations news release, one there quarter. during we bit adjustment So bringing brokerage earnings smaller a even time $X.XX. $X.XX can offset, of the about $X.XX largest now. gain about earnings items from page very one the significant given us this It's comment discussed of you conference one a to in old back One the quarter, January see non-GAAP some release of of two on first it only a net, net our last clean net call. divesting quarter. a EPS and or
Next.
and go than estimated. Let's organically being the first turn up to XX the section. favorably page quarter, mentioned. then see of About top $X more the the That's contingent rises where of because release half three organic down table to million I page contingents just as bit you'll in earnings the little that develop at previously the of to brokerage segment revenue a
The of year XXXX increases. other GAAP a half a to times agreements to remember amounts for or we estimate that requires premium rate new and outlook so our bullish before due receive based But these more is growth them. view accounting us many on and slightly new
deteriorate a might the But it lot expect. So not over estimation look currently as contingents now. year develop decent does ratios create if we Loss risk. those of
table up to expansion let's margin have the points, Terrific would actually are turn do brokerage that in margins in role the basis they partners see type year's middle Next, quarter, points. XX that annual stronger merger our Very quarters you run basis first but mergers. on our better XX that X commissions, over EBITDAC of few margin of XX a the high. XXs at even P&C page. page by been M&A numbers. this of about offsetting Nor mergers dilutive have they can actually quarter our of margins first the %. contingent our quarter largest, of you'll impact which by the happen impact then And drop in is given now The margin expansion compress mid later did may in see into seasonality, especially annually, in last seasonally with to
So dilutive impact of revenues contingent wash. naturally quarter, by them year roll have in a most the in margins will that first end on stronger margin wouldn't In to about basis. offset but the be full M&A
So about management and on the of page about Still when moving of feels being base four the to the X%. bottom up right page. segment, XX at growth risk basis table organic points posting growth organic
for that year. we full You'll X.X% right feels that growth, the see organic posted
when difficult because in little over posted we we more a XX% like a However, quarter X% see comparison last lumpy. quarter see second to We the year second organic. of
will again, the So around but to lumpy quarter quarter, X% X% little year. for a be it to somewhere
table the and that of We points the X seems points that's for to the XX.X% Turning for year. to to range XX% Page full adjusted margin, right feel at entire of the - about of an bottom page. that still XX the lower XX up end basis year. range over our right at margin
we our came saw and XX Clean corporate line, we of day. reform first X we and line the with have previously March finally to line in better into due little down, at last the tax a Turning in called U.S. at half impact than of with reform Page corporate tax better mostly banking time, to thought we IRR the month. line segment to right And half settling the line. in energy production acquisition actually the the provided the we of Interest line that guidance collapsed the than tables. in to March corporate the
to combine march loss. would our a two we $XX day, those forecasted lines tax after million During IRR
we But related couple see can items. four $X of timing about much came You is better. of million that a tax in
forecasts So CFO hasn't changed XXXX line full get document this corporate our much. the commentary you when year to for that
let's CFO found can and in to X. shift our be go commentary that IR page document, website, to So the
where line exchange, integration we foreign provide when that forward M&A. for are And that's you items first from of straightforward. to You'll looking quarter with see estimate and were most our revenues Then our in the page XXth amortization rollover forecast. get March X, fairly
in we merger mentioned full and our was Stackhouse And million to plus early the before As leaving expected At few billion $XXX role your before, cash revenue our cash. in to some models finally around cash for close around million for using extra a your debt free the year That please to of M&A. maybe take available March cash on stock. XX $XXX I and have free bring an used M&A the minutes capacity on $X.X April of more to tighten picks. about up remainder $XXX of sheet, balance million the
So position for truly year. successful excellent quarter and we're in comments. Pat. to terrific those Back another my A you, are
