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Mar 31, 2024
Baldwin Insurance Q1 2024 Earnings Report
Baldwin Insurance's Q1 2024 performance was marked by strong revenue growth and improved profitability.
Key Takeaways
Baldwin Insurance Group reported a strong first quarter in 2024, with a 15% increase in total revenue to $380.4 million. Organic revenue growth was 16%. The company's adjusted EPS grew by 33% to $0.56, and adjusted EBITDA increased by 29% to $101.7 million. Free cash flow also saw significant growth, increasing by 51% year over year to $53.3 million.
Total revenue increased by 15% year over year, reaching $380.4 million.
Organic revenue growth was strong at 16% year over year.
Adjusted diluted EPS increased by 33% year over year to $0.56.
Adjusted EBITDA grew by 29% year over year to $101.7 million, with a margin of 27%.
Forward Guidance
The company remains well-positioned to successfully deliver on its strategic priorities and generate continued long-term value for its shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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