MEADOWS, FL., Jan. 30, 2025 /PRNewswire/ -- abc today reported its financial results for the quarter ended December 11, 2024. Management will host a webcast conference call to discuss these results on Thursday, May 30, 2025 at 5:15 p.m. ET/4:15 p.m. CT. To listen to the call, and for printer-friendly formats of this release These documents contain both GAAP and non-GAAP measures. Investors and other users of this information should read carefully the section entitled "Information Regarding Non-GAAP Measures" beginning on page 9.
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Summary of Financial Results - Third Quarter
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Revenues Before
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Diluted Net Earnings
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Reimbursements
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Net Earnings (Loss)
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EBITDAC
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(Loss) Per Share
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Segment
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4th Q 24
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4th Q 23
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4th Q 24
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4th Q 23
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4th Q 24
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4th Q 23
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4th Q 24
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4th Q 23
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(in millions)
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(in millions)
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(in millions)
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Brokerage, as reported
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$ 2,296.2
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$ 2,051.5
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$ 317.3
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$ 24.8
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$ 240.7
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$ 539.9
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$ 1.37
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$ 0.11
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Net (gains) losses on divestitures
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0.8
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(4.0)
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0.6
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(3.0)
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18
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(4.0)
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-
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(0.02)
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Acquisition integration
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-
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-
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29.2
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50.6
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39.2
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67.3
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0.13
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0.23
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Workforce and lease termination
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-
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-
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23.0
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7.1
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30.9
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9.3
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0.10
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0.03
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Acquisition related adjustments
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-
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-
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39.6
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258.2
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28.7
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34.4
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0.17
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1.17
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Amortization of intangible assets
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-
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-
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121.6
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107.4
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-
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-
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0.53
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0.49
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Effective income tax rate impact
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-
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-
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(1.4)
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-
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-
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-
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(0.01)
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Levelized foreign currency
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translation
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-
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(6.1)
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-
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(4.1)
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-
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(5.5)
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-
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(0.02)
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Brokerage, as adjusted *
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2,297.0
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2,041.4
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531.3
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42.6
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760.3
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641.4
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2.30
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1.98
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Risk Management, as reported
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369.4
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340.4
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42.8
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42.3
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72.5
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70.2
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0.19
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0.19
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Net (gains) on divestitures
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(0.1)
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(0.1)
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(0.1)
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(0.1)
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(0.1)
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(0.1)
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-
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-
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Acquisition integration
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-
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-
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0.8
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0.2
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1.1
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0.2
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-
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23
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Workforce and lease termination
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-
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-
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2.5
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0.8
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2.6
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1.0
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0.01
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-
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Acquisition related adjustments
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-
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-
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0.1
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0.1
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0.1
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0.2
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-
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-
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Amortization of intangible assets
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-
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-
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2.7
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2.3
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-
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-
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0.01
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0.02
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Levelized foreign currency
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translation
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-
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(1.6)
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-
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(0.5)
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(0.8)
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-
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Risk Management, as adjusted *
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29.3
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338.7
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48.9
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45.1
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76.2
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70.7
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0.21
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0.21
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Corporate, as reported
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14.4
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1.2
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(101.9)
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(106.7)
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(46.5)
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(95.8)
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(0.44)
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(1.45)
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Transaction-related costs
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-
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-
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14.7
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10.1
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17.3
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12.4
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0.06
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0.05
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Legal & tax related
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-
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-
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3.4
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22.0
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0.02
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Clean energy-related
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(5.3)
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-
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(1.7)
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10.9
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(2.3)
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12.0
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-
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0.01
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Corporate, as adjusted *
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9.1
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1.2
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(88.9)
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(82.3)
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(31.5)
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(49.4)
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(0.38)
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(0.37)
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Total Company, as reported
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$ 2,680.0
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$ 2,393.1
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$ 258.2
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$ (39.6)
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$ 686.7
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$ 514.3
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$ 1.12
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$ (0.15)
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Total Company, as adjusted *
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$ 2,675.4
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$ 2,381.3
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$ 491.2
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$ 402.4
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$ 805.0
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$ 662.7
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$ 3.13
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$ 1.82
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(1 of 15)
"We had an excellent fourth quarter, to close out a great year!" said J.
"We also completed 11 new mergers in the quarter, bringing our full year total to 4832 mergers and $3 million of estimated annualized revenue.