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Jun 30, 2020
Baldwin Insurance Q2 2020 Earnings Report
BRP Group reported mixed results for Q2 2020, with revenue increasing significantly but GAAP net loss reported.
Key Takeaways
BRP Group's Q2 2020 results showed strong revenue growth of 55% year-over-year, reaching $51.3 million. Pro Forma revenue grew 60% year-over-year to $55.8 million. However, the company reported a GAAP net loss of $7.9 million, or $0.18 per share.
Revenue increased 55% year-over-year to $51.3 million.
Pro Forma Revenue grew 60% year-over-year to $55.8 million.
Organic Revenue Growth was 19% year-over-year.
GAAP net loss of $7.9 million and GAAP loss per share of $0.18.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
No specific forward guidance was provided in the release. The release focused on Q2 2020 results and did not include projections or expectations for future periods.