NASDAQ$BWIN

Baldwin Insurance Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Revenue and adjusted net income nearly doubled, with industry-leading organic growth delivered.

BRP Group, Inc. reported strong second-quarter results with a 94% increase in revenue to $232.5 million. The company's organic revenue growth was 24%, and GAAP net income reached $16.6 million, or $0.14 per fully diluted share. Adjusted EBITDA grew 112% to $42.5 million.

  • Revenue increased 94% year-over-year to $232.5 million.
  • Organic Revenue Growth was 24% year-over-year.
  • GAAP net income of $16.6 million and GAAP earnings per fully diluted share of $0.14.
  • Adjusted EBITDA grew 112% to $42.5 million.

Headline financials

Total Revenue

$232M

Previous: $120M+94.2%
EPS (adj)

$0.23

Previous: $0.14+64.3%
Organic Revenue Growth

24.0%

Previous: 32.0%-25.0%
Adjusted EBITDA Margin

18.0%

Previous: 17.0%+5.9%
Capital Expenditures

-$8.57M

Previous: -$1.76M-387.8%
Free Cash Flow

$77K

Previous: -$11.5M+100.7%
Net Income

$8.64M

Previous: -$9.76M+188.6%
Operating Income

$25.4M

Previous: -$13.2M+292.7%
Gross Profit

$192M

Previous: $101M+90.7%
Cash & Equivalents

$183M

Previous: $224M-18.3%
Total Assets

$3.41B

Previous: $1.74B+96.4%
Stock-Based Comp

$10.1M

Previous: $4.55M+122.5%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$232M

Q2 2022+94.2%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

The company remains confident that the business is well-positioned for continued outperformance in the back half of the year.

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 Q2 2022

Historical avgQ2 2022

+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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