Baldwin Insurance Q1 revenue $380.4M, organic growth 16%, adjusted EBITDA margin 27% (280bps expansion)

Baldwin Insurance Group, Inc.

2024-Q1 EPS reported $0.33 revenue$380,367,000

Total revenue $380.4M (+15% YoY); organic revenue growth 16%.
GAAP net income $39.1M ($0.33 diluted EPS); adjusted diluted EPS $0.56 (+33% YoY).
Adjusted EBITDA $101.7M (+29% YoY); margin 27%, up 280bps from 24% prior year.
Free cash flow $53.3M, up 51% YoY; cash $112.1M, revolver capacity $266M.
Ticker symbol changing to BWIN effective May 20, 2024, alongside rebranding.

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 quarter ended March 31, 2024 results: revenue $380.4 million, net income $39.1 million, EPS $0.33.

Period: the quarter ended March 31, 2024
Revenue: $380.4 million
Net income: $39.1 million
EPS: $0.33
Result: reported results

Exact text from the filing

as expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- THE BALDWIN GROUP ANNOUNCES FIRST QUARTER 2024 RESULTS - Total Revenue Growth of 15% to $380.4 Million; Organic Revenue Growth (1) of 16% - - Net Income of $39.1 Million and Diluted Earnings Per Share of $0.33; Adjusted Diluted EPS (2) Growth of 33% to $0.56 - - Adjusted EBITDA

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Source: SEC EDGAR

accession 0001781755-24-000028

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