earnings
confidence high
sentiment positive
materiality 0.85
BRP Group Q2 revenue $119.7M (+133% YoY), organic growth 32%, adjusted EBITDA up 143%
Baldwin Insurance Group, Inc.
2021-Q2 EPS reported
$0.11
- Revenue $119.7M (+133% YoY); organic revenue growth 32%; MGA of the Future revenue $20M (+52%).
- GAAP net loss $20.1M ($0.22 loss per share); adjusted net income $13.3M ($0.14 per diluted share).
- Adjusted EBITDA $20.4M (+143% YoY) with margin 17% vs 16% prior year.
- Closed 3 Partner acquisitions in Q2 (~$4.6M revenue); post-Q2 closed 5 including RogersGray (~$63.9M revenue).
- Upsized term loan to $500M; revolver increased to $475M; cash $224.5M at June 30.