Agents and brokers could be in for a record-breaking year of profitability in 2014 after posting their highest-ever first quarter profitability results, according to Atlanta, Ga.-based Reagan Consulting group.
Profitability as measured by pro forma EBITDA earnings before interest, taxes, depreciation and amortization margins jumped a whopping 200 basis points to a record of 29.9% in the first quarter of this year, up from 27.9% during the same period in 2013, according to Reagan Consultings Organic Growth and Profitability Survey.
