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Baldwin Insurance Group (BWIN)
NASDAQ:BWIN
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 3.21%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with significant organic growth, EBITDA margin expansion, and cash flow improvement. However, there are challenges due to California wildfires and potential impacts on reinsurance pricing. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Baldwin Group's Fourth Quarter 2024 earnings call, the company reported strong financial performance with a 19% organic revenue growth for the quarter and 17% for the year across all segments, driven by record new business productivity. Adjusted EBITDA margin expanded by 310 basis points in the quarter to 19%, and for the year, it grew by 200 basis points to 22.5%. The company's adjusted free cash flow grew significantly to $134.9 million, while net leverage declined from 4.8 times to 4.1 times by year-end. The IAS segment achieved a 16% organic revenue growth for the quarter, while UCTS and MIS segments reported 25% and 19% growth, respectively. The Baldwin Group also announced progress in satisfying earn-out obligations, with most expected to be completed by March, paving the way for increased capital allocation flexibility. For 2025, the company anticipates organic revenue growth at the lower end of their 10-15% long-term range, adjusted EBITDA margin expansion, and adjusted free cash flow from operations between $150 million and $175 million.Strong Organic Revenue Growth
For the fourth quarter, organic revenue grew 19% with strong double-digit organic growth across all three segments. For the year, organic revenue growth was 17%.
Adjusted EBITDA Margin Expansion
Adjusted EBITDA margin expanded 310 basis points in the fourth quarter to 19%. For the full year, it expanded 200 basis points to 22.5%.
Record New Business Productivity
Record new business productivity in IAS with sales velocity of 21.5%, a 410 basis point improvement over the prior year.
Significant Cash Flow Growth
Adjusted free cash flow for the full year grew 97% to $134.9 million. Net leverage declined to 4.1 times from 4.8 times.
Successful Segment Performance
UCTS segment had a fantastic fourth quarter with organic revenue growth of 25%, and MIS segment delivered total organic revenue growth of 19%.
Launch of Baldwin-Sponsored Reciprocal Exchange
Formal approval and a certificate of authority from the Texas Department of Insurance to form and launch a Texas domiciled reciprocal insurance exchange focused on the builder book of business.
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BWIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $39.86 | $40.61 | +1.88% |
| Nov 04, 2024 | $46.17 | $40.66 | -11.93% |
| Aug 06, 2024 | $41.50 | $42.50 | +2.41% |
| May 07, 2024 | $28.03 | $31.41 | +12.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Baldwin Insurance Group (BWIN) report earnings?
Baldwin Insurance Group (BWIN) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Baldwin Insurance Group (BWIN) earnings time?
Baldwin Insurance Group (BWIN) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWIN EPS forecast?
BWIN EPS forecast for the fiscal quarter 2024 (Q4) is 0.26.
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