NASDAQ$BWIN

Baldwin Insurance Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

BRP Group's revenue increased, driven by organic growth and strategic acquisitions.

BRP Group reported a strong fourth quarter and full year 2019, with revenue growth driven by organic expansion and strategic partnerships. The company's 'MGA of the Future' platform continued to perform well, contributing significantly to the overall revenue increase. BRP Group also focused on enhancing its capital structure and increasing financial flexibility.

  • Revenue increased 75% year-over-year to $36.6 million.
  • Organic revenue growth was 12% versus the prior-year period.
  • “MGA of the Future” revenue grew 34% to $9.5 million, compared to $7.1 million in the prior-year period
  • Adjusted EBITDA more than doubled to $5.9 million compared to $2.6 million in the prior-year period.

Headline financials

Total Revenue

$36.6M

Previous: $20.9M+75.3%
EPS (adj)

-$0.48

Previous: -$0.03-1452.9%
Organic Revenue Growth

12.0%

No prior period
Adjusted EBITDA

$5.92M

Previous: $2.6M+127.5%
Adjusted EBITDA Margin

16.0%

Previous: 12.0%+33.3%
Net Income

-$26.9M

Previous: -$1.47M-1736.9%
Operating Income

-$18.5M

Previous: $755K-2555.2%
Cash & Equivalents

$67.7M

No prior period
Total Assets

$399M

No prior period

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$36.6M

Q4 2019+75.3%vs Q4 2018
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Forward guidance

BRP Group is closely monitoring COVID-19’s impact on the macroeconomic environment and continues to prudently pursue its strategic objectives, which it believes should generate significant long-term value for its shareholders.

Tailwinds

  • Continued operational enhancements
  • Ongoing investments into the platform
  • ‘MGA of the Future’ platform continued to outperform during 2019 and will become part of our organic growth print beginning in the second quarter of 2020
  • Enhancing capital structure
  • Reducing cost of capital

Headwinds

  • Closely monitoring COVID-19’s impact on the macroeconomic environment
  • Ongoing macro conditions
  • Thoughtfully navigating through the current economic environment
  • Net loss attributable to BRP Group, Inc. $(8,650)
  • Revolving lines of credit 40,363

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 Q4 2019

Historical avgQ4 2019

+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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