earnings
confidence high
sentiment positive
materiality 0.75
BRP Group Q2 revenue up 94% to $232.5M; organic growth 24%, adjusted EBITDA up 112%
Baldwin Insurance Group, Inc.
2022-Q2 EPS reported
$0.53
- Q2 revenue $232.5M (+94% YoY); organic growth 24%; pro forma revenue $239.9M (+100%).
- GAAP net income $16.6M ($0.14 diluted EPS); adjusted net income $26.2M ($0.23 adjusted EPS).
- Adjusted EBITDA $42.5M (18% margin), up 112% YoY; Pro Forma Adj. EBITDA $42.9M.
- MGA of the Future organic revenue up 70% YoY; all segments double-digit organic growth.
- Post-quarter acquired one Partner with ~$11.4M trailing revenue; cash $183.4M, debt $1.4B.