BRP Group Q1 revenue $330.4M (+36% YoY); organic growth 23%

Baldwin Insurance Group, Inc.

2023-Q1 EPS reported -$0.24 revenue$330,446,000

GAAP net loss $25.9M ($0.24 diluted loss); Adjusted Net Income $49.2M ($0.42 per share).
Revenue grew 36% to $330.4M; organic revenue growth 23% YoY, highest Q1 organic rate to date.
Adjusted EBITDA $79.0M with 24% margin; CEO cites moderating headcount growth and momentum.
Cash and equivalents $81.3M; $115.0M borrowing capacity under revolver as of March 31.
All segments posted double-digit organic growth; comps were 16% in prior-year Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Baldwin Insurance Group, Inc. reported the quarter ended March 31, 2023 results: revenue $330.4 million, net income net loss of $25.9 million, EPS diluted loss per share of $0.24.

Period: the quarter ended March 31, 2023
Revenue: $330.4 million
Net income: net loss of $25.9 million
EPS: diluted loss per share of $0.24
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BRP GROUP, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS - First Quarter 2023 Revenue Grew 36% Year-Over-Year to $330.4 Million - - First Quarter 2023 Organic Revenue Growth (1) of 23% - TAMPA, FLORIDA - May 9, 2023 - BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance

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Baldwin Insurance Group, Inc. filing history →

Source: SEC EDGAR

accession 0001781755-23-000012

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