NASDAQ$BWIN

Baldwin Insurance Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 91% year-over-year, with organic revenue growth of 28%.

BRP Group, Inc. announced strong third-quarter results with a 91% increase in revenue to $259.4 million and organic revenue growth of 28%. The company's adjusted EBITDA grew by 118% to $41.9 million, and adjusted net income significantly increased, highlighting the resilience of their business model.

  • Revenue increased 91% year-over-year to $259.4 million.
  • Organic Revenue Growth was 28% year-over-year.
  • Adjusted EBITDA grew 118% to $41.9 million.
  • GAAP net loss of $46.7 million and GAAP loss per fully diluted share of $0.43.

Headline financials

Total Revenue

$259M

Previous: $136M+91.3%
EPS (adj)

$0.18

Previous: $0.11+63.6%
Organic Revenue Growth

28.0%

Previous: 26.0%+7.7%
Adjusted EBITDA Margin

16.0%

Previous: 14.0%+14.3%
Capital Expenditures

-$15.4M

Previous: -$3.19M-383.1%
Free Cash Flow

-$40.2M

Previous: -$16M-150.9%
Net Income

-$24.8M

Previous: -$12.8M-93.2%
Operating Income

-$29.9M

Previous: -$16.8M-77.7%
Gross Profit

$212M

Previous: $108M+96.5%
Cash & Equivalents

$159M

Previous: $374M-57.6%
Total Assets

$3.41B

Previous: $2.23B+52.8%
Stock-Based Comp

$8.39M

Previous: $3.83M+118.8%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$259M

Q3 2022+91.3%vs Q3 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events.

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 Q3 2022

Historical avgQ3 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro