BRP Group Q4 revenue up 16% to $284.6M; GAAP net loss $62.5M, adjusted EPS $0.14

Baldwin Insurance Group, Inc.

2023-FY EPS reported -$1.50 revenue$1,218,555,000

Full-year 2023 total revenues $1.2B (+24% YoY); organic revenue growth 19%.
Q4 GAAP net loss $62.5M ($0.56 loss per share); Adjusted Net Income $16.2M ($0.14 per share).
Q4 Adjusted EBITDA $45.6M (+16% YoY); margin 16%; full-year Adjusted EBITDA $250.2M (21% margin).
Cash and equivalents $116.2M; $259.0M borrowing capacity on revolver as of Dec 31, 2023.
CEO cites expense rationalization progress; expects double-digit organic growth and margin expansion in 2024.

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 0.98

Baldwin Insurance Group, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue Total revenues increased 16% year-over-year to $284.6 million (Q4); Full Year 2023 Total Revenues Grew 24% Year-Over-Yea, net income GAAP net loss of $62.5 million (Q4); GAAP net loss of $164.0 million (Full Year), EPS GAAP diluted loss per share of $0.56 (Q4); GAAP diluted loss per share of $1.50 (Full Year).

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Total revenues increased 16% year-over-year to $284.6 million (Q4); Full Year 2023 Total Revenues Grew 24% Year-Over-Yea
Net income: GAAP net loss of $62.5 million (Q4); GAAP net loss of $164.0 million (Full Year)
EPS: GAAP diluted loss per share of $0.56 (Q4); GAAP diluted loss per share of $1.50 (Full Year)
Result: reported results

Exact text from the filing

On February 28, 2024, BRP Group, Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Baldwin Insurance Group, Inc. filing history →

Source: SEC EDGAR

accession 0001781755-24-000014

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