Baldwin Insurance Q1 2024 Earnings Report
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%.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
The company remains well-positioned to successfully deliver on its strategic priorities and generate continued long-term value for its shareholders.