NASDAQ$BWIN

Baldwin Insurance Group Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong Q3 2024 results with double-digit revenue and adjusted EBITDA growth.

The Baldwin Group announced strong third-quarter results, with an 11% increase in total revenue to $338.9 million and a 14% growth in adjusted EBITDA. The company highlighted its resilient business model and focus on operational efficiency.

  • Total revenue increased by 11% year-over-year, reaching $338.9 million.
  • Organic revenue growth was 14% year-over-year.
  • Adjusted diluted EPS grew by 14% year-over-year to $0.33.
  • Adjusted EBITDA grew by 14% year-over-year to $72.8 million.

Headline financials

Total Revenue

$339M

Previous: $306M+10.7%
EPS

-$0.13

Previous: $0.29-144.8%
Organic Revenue Growth

14.0%

Previous: 19.0%-26.3%
Adjusted EBITDA Margin

21.5%

Previous: 21.0%+2.4%
Capital Expenditures

-$10.2M

Previous: -$14.2M+28.0%
Free Cash Flow

-$8.38M

Previous: -$31.8M+73.6%
Net Income

-$8.38M

Previous: -$17.6M+52.5%
Operating Income

$15.4M

Previous: $86K+17814.0%
Gross Profit

$290M

Previous: $259M+12.0%
Cash & Equivalents

$182M

Previous: $79M+130.2%
Total Assets

$3.54B

Previous: $3.42B+3.4%
Stock-Based Comp

$17.9M

Previous: $14.6M+23.0%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$339M

Q3 2024+10.7%vs Q3 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 2024

Historical avgQ3 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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