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Jun 30, 2024
Baldwin Insurance Q2 2024 Earnings Report
Baldwin Group announced Q2 2024 results with a 14% increase in total revenue and 19% organic revenue growth. Net loss was reported at $30.9 million, but adjusted diluted EPS grew by 26% to $0.34. Adjusted EBITDA also saw a 22% increase, reaching $74.9 million.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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