8-K
filed February 22, 2023, 6:59 PM ET
ticker GSHD
CIK 0001726978
earnings
confidence high
sentiment positive
materiality 0.75
Goosehead Q4 revenue up 43% to $57.4M; adjusted EBITDA up 123%; guides 2023 revenue $258-267M
Goosehead Insurance, Inc.
2023-FY EPS reported
$0.03
revenue$209,390,000
- Q4 total revenue $57.4M (+43% YoY); core revenue $51.8M (+49% YoY).
- Q4 net income $2.6M (+193%); adjusted EBITDA $11.9M (+123%); adjusted EPS $0.11 (+89%).
- Total written premiums placed Q4 $585M (+44% YoY); policies in force 1.284M (+27%).
- Full-year 2023 guidance: total written premiums $2.83-2.96B (28-34% growth); revenue $258-267M (23-28% growth).
- Corporate sales headcount down 37% to 320; operating franchises up 18% to 1,413.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Goosehead Insurance, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $57.4 million, net income $2.6 million, EPS $0.02 per share. Guidance initiated.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $57.4 million
- Net income
- $2.6 million
- EPS
- $0.02 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Highlights • Total Revenues grew organically 43% over the prior-year period to $57.4 million in the fourth quarter of 2022 • Fourth quarter Core Revenues* of $51.8 million increased 49% over the prior-year period • Fourth quarter net income of $2.6 million increased 193%, EPS of $0.02 per share increased 62% and adjusted EPS* of $0.11 per share increased 89%, over the prior-year period.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Goosehead Insurance, Inc. updated its the year ended December 31, 2022 guidance (initiated).
- Period
- the year ended December 31, 2022
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Total Revenue Growth of 43% in the Fourth Quarter and 38% in the Full Year 2022 – – Core Revenue Growth of 49% in the Fourth Quarter and 41% in the Full Year 2022 – – Total Written Premium Growth of 44% in the Fourth Quarter and 42% for the Full Year – – Net Income Growth of 193% in the Fourth Quarter and Decline of 68% for the Full Year - – Adjusted EBITDA Growth of 123% in the Fourth Quarter and 76% for the Full Year 2022 –
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Goosehead Insurance, Inc. reported the year ending December 31, 2023 results: revenue between $258 million and $267 million. Guidance initiated.
- Period
- the year ending December 31, 2023
- Revenue
- between $258 million and $267 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
2023 Outlook The Company’s outlook for full year 2023 is as follows: • Total written premiums placed for 2023 are expected to be between $2.83 billion and $2.96 billion, representing organic growth of 28% on the low end of the range to 34% on the high end of the range. • Total revenues for 2023 are expected to be between $258 million and $267 million, representing organic growth of 23% on the low end of the range to 28% on the high end of the range. • Adjusted EBITDA Margin is expected to expand for the full year 2023.
View on SEC.gov
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