NASDAQ$BWIN

Baldwin Insurance Group Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Baldwin Group announced Q2 2024 results with a 14% increase in total revenue and 19% organic revenue growth. Net loss was reported at $30.9 million, but adjusted diluted EPS grew by 26% to $0.34. Adjusted EBITDA also saw a 22% increase, reaching $74.9 million.

The Baldwin Group reported a mixed Q2 2024 with strong revenue growth but a net loss. Total revenue increased by 14% to $339.8 million, and organic revenue grew by 19%. However, the company reported a GAAP net loss of $30.9 million, though adjusted diluted EPS increased by 26% to $0.34. Adjusted EBITDA grew by 22% to $74.9 million.

  • Total revenue increased 14% year-over-year to $339.8 million.
  • Organic revenue growth was 19% year-over-year.
  • GAAP net loss was $30.9 million, resulting in a GAAP diluted loss per share of $0.28.
  • Adjusted diluted EPS grew 26% year-over-year to $0.34.

Headline financials

Total Revenue

$340M

Previous: $297M+14.4%
EPS

-$0.28

Previous: $0.27-203.7%
Organic Revenue Growth

19.0%

Previous: 22.0%-13.6%
Adjusted EBITDA Margin

22.0%

Previous: 21.0%+4.8%
Capital Expenditures

-$18.7M

Previous: -$8.62M-116.9%
Free Cash Flow

-$36.3M

Previous: -$32.5M-11.5%
Net Income

-$17.6M

Previous: -$23.9M+26.5%
Operating Income

$16.5M

Previous: -$16.5M+199.6%
Gross Profit

$293M

Previous: $250M+17.4%
Cash & Equivalents

$208M

Previous: $106M+97.4%
Total Assets

$3.68B

Previous: $3.47B+6.2%
Stock-Based Comp

$14.7M

Previous: $18.8M-21.5%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$340M

Q2 2024+14.4%vs Q2 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The company anticipates delivering outsized value to Clients, continuing to build its industry presence, and successfully delivering sustainable outsized organic revenue growth and margin expansion, driving continued long-term value for shareholders in the back half of 2024.

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 2024

Historical avgQ2 2024

+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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