Sep 30, 2024

Baldwin Insurance Q3 2024 Earnings Report

Reported strong Q3 2024 results with double-digit revenue and adjusted EBITDA growth.

Key Takeaways

The Baldwin Group announced strong third-quarter results, with an 11% increase in total revenue to $338.9 million and a 14% growth in adjusted EBITDA. The company highlighted its resilient business model and focus on operational efficiency.

Total revenue increased by 11% year-over-year, reaching $338.9 million.

Organic revenue growth was 14% year-over-year.

Adjusted diluted EPS grew by 14% year-over-year to $0.33.

Adjusted EBITDA grew by 14% year-over-year to $72.8 million.

Total Revenue
$339M
Previous year: $306M
+10.7%
EPS
$0.33
Previous year: $0.29
+13.8%
Organic Revenue Growth
14%
Previous year: 19%
-26.3%
Adjusted EBITDA Margin
21.5%
Previous year: 21%
+2.4%
Gross Profit
$339M
Previous year: $38.6M
+777.3%
Cash and Equivalents
$182M
Previous year: $79M
+130.1%
Free Cash Flow
-$8.09M
Previous year: -$18.2M
-55.5%
Total Assets
$3.54B
Previous year: $3.42B
+3.4%

Baldwin Insurance

Baldwin Insurance

Forward Guidance

The company did not provide specific forward guidance in this earnings report.