BRP Group Q2 2023 revenue $297.2M +28% YoY, organic growth 22%, GAAP net loss $0.40/share

Baldwin Insurance Group, Inc.

2023-Q2 EPS reported -$0.64 revenue$627,637,000

Revenue $297.2M, up 28% YoY; organic revenue growth of 22%.
GAAP net loss $43.7M ($0.40 diluted loss per share); adjusted net income $32.0M ($0.27 adjusted diluted EPS).
Adjusted EBITDA $61.6M (+45% YoY), margin 21%.
Cash $105.5M, $130M revolver availability as of June 30, 2023.
Six-month revenue $627.6M (+32%), adjusted EBITDA $140.6M, margin 22%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Baldwin Insurance Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $297.2 million, net income $43.7 million, EPS $0.40 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $297.2 million
Net income: $43.7 million
EPS: $0.40 per diluted share
Result: reported results

Exact text from the filing

Second Quarter 2023 Revenue Grew 28% Year-Over-Year to $297.2 Million - - Second Quarter 2023 Organic Revenue Growth (1) of 22% - TAMPA, FLORIDA - August 9, 2023 - BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the second quarter ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS • Revenue increased 28% year-over-year to $297.2 million • Organic Revenue Growth was 22% year-over-year • GAAP net loss of $43.7 million and GAAP diluted loss per share of $0.40

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Source: SEC EDGAR

accession 0001781755-23-000025

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