BRP Group Q3 revenue up 18% to $306.3M, adjusted EBITDA up 53% to $64M

Baldwin Insurance Group, Inc.

2023-Q3 EPS reported -$0.93 revenue$933,907,000

Revenue $306.3M (+18% YoY); organic revenue growth 19%.
GAAP net loss $32.0M ($0.29 diluted loss per share); Adjusted Net Income $33.8M ($0.29 adjusted diluted EPS).
Adjusted EBITDA $64.0M (+53% YoY); margin 21%, up 480 bps from 16%.
Cash from operations grew $39M YoY despite $36M higher interest; leverage at 4.8x.
Nine-month revenue $933.9M (+27% YoY); adjusted EBITDA $204.6M (+30%).

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 third quarter ended September 30, 2023 results: revenue $306.3 million, net income GAAP net loss of $32.0 million, EPS GAAP diluted loss per share of $0.29.

Period: the third quarter ended September 30, 2023
Revenue: $306.3 million
Net income: GAAP net loss of $32.0 million
EPS: GAAP diluted loss per share of $0.29
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BRP GROUP, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS - Third Quarter 2023 Revenue Grew 18% Year-Over-Year to $306.3 Million - - Third Quarter 2023 Organic Revenue Growth (1) of 19% - TAMPA, FLORIDA - November 7, 2023 - BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent

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Baldwin Insurance Group, Inc. filing history →

Source: SEC EDGAR

accession 0001781755-23-000040

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