Loading...
•
Sep 30, 2023
Baldwin Insurance Q3 2023 Earnings Report
BRP Group's Q3 2023 revenue increased by 18% year-over-year, driven by organic revenue growth of 19% and adjusted EBITDA growth of 53%.
Key Takeaways
BRP Group reported an 18% increase in revenue to $306.3 million for Q3 2023, with organic revenue growth of 19%. The company's adjusted EBITDA grew by 53% year-over-year to $64.0 million, and the adjusted EBITDA margin increased to 21%. GAAP net loss was $32.0 million, or $0.29 per share, while adjusted net income was $33.8 million, or $0.29 per share.
Revenue increased 18% year-over-year to $306.3 million.
Organic Revenue Growth was 19% year-over-year.
Adjusted EBITDA grew 53% year-over-year to $64.0 million.
Adjusted Net Income of $33.8 million, or $0.29 per fully diluted share.
Forward Guidance
The company remains well positioned heading into 2024 and beyond to continue generating sustainable double-digit top line organic growth, durable and consistent margin accretion and creating long-term value for our shareholders.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...