Baldwin Insurance Q2 2024 Earnings Report
Key Takeaways
The Baldwin Group reported a mixed Q2 2024 with strong revenue growth but a net loss. Total revenue increased by 14% to $339.8 million, and organic revenue grew by 19%. However, the company reported a GAAP net loss of $30.9 million, though adjusted diluted EPS increased by 26% to $0.34. Adjusted EBITDA grew by 22% to $74.9 million.
Total revenue increased 14% year-over-year to $339.8 million.
Organic revenue growth was 19% year-over-year.
GAAP net loss was $30.9 million, resulting in a GAAP diluted loss per share of $0.28.
Adjusted diluted EPS grew 26% year-over-year to $0.34.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
The company anticipates delivering outsized value to Clients, continuing to build its industry presence, and successfully delivering sustainable outsized organic revenue growth and margin expansion, driving continued long-term value for shareholders in the back half of 2024.