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Baldwin Insurance Q1 2025 Earnings Report
The Baldwin Group announced its first quarter 2025 results, reporting a 9% increase in total revenue and a 10% increase in organic revenue growth.
Key Takeaways
The Baldwin Group reported strong first quarter 2025 results, with total revenue increasing by 9% to $413.4 million and organic revenue growth reaching 10%. Adjusted EBITDA grew by 12% to $113.8 million, and adjusted diluted EPS increased by 16% to $0.65, demonstrating the company's resilience and financial flexibility.
Total revenue increased 9% year-over-year to $413.4 million.
Organic revenue growth was 10% year-over-year.
Adjusted EBITDA grew 12% year-over-year to $113.8 million, with an adjusted EBITDA margin of 27.5%.
Adjusted diluted EPS increased 16% year-over-year to $0.65.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
The company's forward-looking statements indicate continued momentum, supported by growing financial flexibility and strategic priorities, but are subject to various risks and uncertainties.
Positive Outlook
- Growing financial flexibility positions the company to accelerate momentum across strategic priorities.
- Management believes adjusted EBITDA is an appropriate measure of operating performance.
- Adjusted EBITDA margin is a key metric used to assess financial performance and profitability.
- Organic revenue growth is a key metric for measuring growth in a meaningful and consistent manner.
- Adjusted diluted EPS is useful for evaluating per share operating performance.
Challenges Ahead
- Forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially.
- Reconciliation of guidance for non-GAAP measures is not available without unreasonable efforts due to high variability and low visibility.
- Adjusted EBITDA does not reflect cash capital expenditure requirements for depreciated and amortized assets.
- Adjusted EBITDA does not reflect changes in or cash requirements for working capital needs.
- Adjusted EBITDA excludes certain tax payments that may represent a reduction in cash available.