Baldwin Q2 revenue up 30% to $492.9M; adjusted EBITDA +37% to $116.7M

Baldwin Insurance Group, Inc.

GAAP net loss of $56.0M ($0.42 diluted loss per share); adjusted diluted EPS of $0.48, up 14% YoY.
Organic revenue growth of 2%; CAC Group total revenue growth of 23%.
Adjusted free cash flow surged 437% to $46.4M; net cash from operations $45.6M.
Year-to-date revenue $1.0B (+29%); adjusted EBITDA $254.0M (+27%).
CEO cites lapped one-time headwinds and 30% sales velocity in IAS business.

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