earnings
confidence high
sentiment positive
materiality 0.75
Goosehead Q1 revenue +11% to $64.5M, net income $1.8M; $100M buyback
Goosehead Insurance, Inc.
2024-Q1 EPS reported
$0.05
revenue$64,460,000
- Q1 total revenue $64.5M (+11% YoY), core revenue $58.8M (+13%), net income $1.8M vs net loss $0.2M a year ago.
- Total written premiums $819M (+28% YoY), policies in force 1.53M (+13%).
- Adjusted EBITDA $11.7M (18% margin flat YoY); adjusted EPS $0.28 (+59% from $0.175).
- Board authorized $100M share repurchase through March 2025; credit facility upsized by $50M (term loan +$25M, revolver +$25M to $75M).
- FY2024 outlook: total written premiums $3.62B-$3.82B (22-29% growth), revenue $290M-$310M (11-19% growth).