NASDAQ$BWIN
Baldwin Insurance Group Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
BRP Group reported strong first quarter results with significant revenue growth driven by strategic acquisitions and organic expansion.
BRP Group announced an 82% year-over-year increase in revenue to $54.2 million for the first quarter of 2020. The company's 'MGA of the Future' platform saw revenue growth of 41%. GAAP net income was $4.7 million, with earnings per share at $0.07. The company also completed four partner acquisitions during the quarter.
- Revenue increased 82% year-over-year to $54.2 million.
- Pro Forma Revenue grew 34% year-over-year to $56.6 million.
- GAAP net income was $4.7 million with earnings per fully diluted share of $0.07.
- Adjusted EBITDA grew 39% to $14.0 million, compared to $10.1 million in the prior-year period.
Headline financials
Revenue & EPS history
Baldwin Insurance · Revenue · Quarterly
$54.2M
Forward guidance
BRP Group is cautiously optimistic about the road to recovery, with a majority of their businesses operating in geographies less impacted by COVID-19 and starting to reopen. They maintain a strong balance sheet and ample capacity to execute their growth strategy.
Tailwinds
- Proactive efforts to strengthen the balance sheet have positioned the company well to navigate COVID-19 challenges.
- Completed four Partner acquisitions during the first quarter and three additional Partner acquisitions subsequent to quarter-end, representing over $42 million in annualized revenue.
- Maintains a strong balance sheet with ample capacity to continue executing on growth strategy.
- Majority of businesses operate in geographies less impacted by COVID-19 and are starting to reopen.
- Company is cautiously optimistic that many clients are beginning to see the road to recovery.
Headwinds
- Experienced the lowest period of new business during the last few days of March and the first week of April due to COVID-19.
- The report mentions uncertainties related to forward-looking statements and potential risks described in the company's filings with the SEC.
- Change in fair value of contingent consideration
- COVID-19 pandemic
- The company experienced the lowest period of new business during the last few days of March and the first week of April.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
+3.0%
Avg return
5 days after
+6.0%
Avg return
30 days after
57%
16 / 28 earnings
Positive
+25.6%
Q4 2025
Best reaction
-25.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | -8.4% | -14.8% | |
| Q4 2025 | +25.6% | +19.3% | +14.1% | |
| Q3 2025 | +10.0% | +15.1% | +8.9% | |
| Q3 2026 | +2.8% | +19.9% | +15.6% | |
| Q2 2025 | -16.7% | -13.4% | -12.6% | |
| Q1 2025 | -4.3% | -3.8% | -5.6% | |
| Q4 2024 | +1.8% | -1.7% | +13.2% | |
| Q3 2024 | -10.3% | +1.7% | +8.5% | |
| Q2 2024 | +3.3% | +1.8% | +13.0% | |
| Q1 2024 | +11.8% | +6.7% | +20.6% | |
| Q4 2023 | +2.7% | +9.8% | +6.8% | |
| Q3 2023 | -11.9% | -9.8% | -12.0% | |
| Q2 2023 | -3.6% | +0.4% | +7.9% | |
| Q1 2023 | -4.4% | -4.8% | -5.0% | |
| Q4 2022 | -3.0% | -4.9% | -12.1% | |
| Q3 2022 | +1.7% | +6.5% | -0.3% | |
| Q2 2022 | +3.7% | +7.7% | +10.1% | |
| Q1 2022 | -25.4% | -2.6% | +7.3% | |
| Q4 2021 | -2.2% | -4.4% | -3.4% | |
| Q3 2021 | +2.0% | +7.0% | -0.3% | |
| Q2 2021 | +17.9% | +26.8% | +38.1% | |
| Q1 2021 | -5.9% | -6.6% | +4.9% | |
| Q4 2020 | +1.5% | +0.1% | +6.9% | |
| Q3 2020 | +5.4% | +5.2% | -5.8% | |
| Q2 2020 | +7.6% | +4.9% | +31.2% | |
| Q1 2020 | +2.0% | +16.5% | +47.9% | |
| Q4 2019 | +11.5% | +8.8% | -8.1% | |
| Q3 2019 | -7.1% | -14.2% | -6.8% | |
| Q2 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — |
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