NASDAQ$BWIN

Baldwin Insurance Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter results with significant revenue growth and strategic acquisitions.

BRP Group reported a strong first quarter in 2021, marked by substantial revenue growth, driven by organic expansion and strategic acquisitions. Total revenue nearly tripled year-over-year, and the company saw excellent performance from recent acquisitions and rapid expansion of its 'MGA of the Future' platform.

  • Revenue increased 182% year-over-year to $152.8 million.
  • Organic Revenue Growth was 14% year-over-year.
  • GAAP net income was $30.6 million, with diluted earnings per share of $0.32.
  • Adjusted EBITDA grew 276% to $52.7 million.

Headline financials

Total Revenue

$153M

Previous: $54.2M+182.2%
EPS (adj)

$0.44

Previous: $0.19+131.6%
Organic Revenue Growth

14.0%

Previous: 5.0%+180.0%
Adjusted EBITDA Margin

35.0%

No prior period
Capital Expenditures

-$1M

Previous: -$583K-71.5%
Free Cash Flow

$13.6M

Previous: $885K+1438.2%
Net Income

$14.6M

Previous: $1.47M+895.4%
Operating Income

$36.3M

Previous: $5.3M+583.6%
Gross Profit

$135M

Previous: $45.3M+198.8%
Cash & Equivalents

$90.5M

Previous: $52.1M+73.7%
Total Assets

$1.58B

Previous: $450M+250.3%
Stock-Based Comp

$3.54M

Previous: $1.14M+211.0%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$153M

Q1 2021+182.2%vs Q1 2020
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Forward guidance

Company didn't provide specific forward guidance in the text.

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 2021

Historical avgQ1 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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