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Jun 30, 2023
Baldwin Insurance Q2 2023 Earnings Report
Reported a 28% year-over-year revenue increase and 22% organic revenue growth in the second quarter of 2023.
Key Takeaways
BRP Group, Inc. announced its Q2 2023 results, featuring a 28% increase in revenue to $297.2 million and a 22% organic revenue growth year-over-year. The company reported a GAAP net loss of $43.7 million, but adjusted net income was $32.0 million, or $0.27 per fully diluted share. Adjusted EBITDA grew 45% to $61.6 million.
Revenue increased 28% year-over-year to $297.2 million.
Organic Revenue Growth was 22% year-over-year.
GAAP net loss of $43.7 million and GAAP diluted loss per share of $0.40.
Adjusted EBITDA grew 45% to $61.6 million with Adjusted EBITDA Margin of 21%.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
No forward guidance was provided in the earnings report.