NASDAQ$BWIN
Baldwin Insurance Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
BRP Group's Q3 2023 revenue increased by 18% year-over-year, driven by organic revenue growth of 19% and adjusted EBITDA growth of 53%.
BRP Group reported an 18% increase in revenue to $306.3 million for Q3 2023, with organic revenue growth of 19%. The company's adjusted EBITDA grew by 53% year-over-year to $64.0 million, and the adjusted EBITDA margin increased to 21%. GAAP net loss was $32.0 million, or $0.29 per share, while adjusted net income was $33.8 million, or $0.29 per share.
- Revenue increased 18% year-over-year to $306.3 million.
- Organic Revenue Growth was 19% year-over-year.
- Adjusted EBITDA grew 53% year-over-year to $64.0 million.
- Adjusted Net Income of $33.8 million, or $0.29 per fully diluted share.
Headline financials
Revenue & EPS history
Baldwin Insurance · Revenue · Quarterly
$306M
Forward guidance
The company remains well positioned heading into 2024 and beyond to continue generating sustainable double-digit top line organic growth, durable and consistent margin accretion and creating long-term value for our shareholders.
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 2023
+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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