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Baldwin Insurance Group (BWIN)
NASDAQ:BWIN
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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
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 24, 2020
|% Change Since: -10.09%
|Next Earnings Date:Dec 02, 2019
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive growth metrics and strategic achievements, particularly in terms of organic revenue growth and segment performance. However, there were notable challenges such as a significant GAAP net loss, hurricane-related operational impacts, and future economic obligations related to reinsurance. The sentiment of the call is mixed, with strong underlying business performance tempered by environmental and financial challenges.Company Guidance
During The Baldwin Group's third quarter 2024 earnings call, the company provided strong financial guidance and highlighted several key metrics. The company reported a 14% year-over-year growth in organic revenue and core commissions and fees, with adjusted EBITDA also increasing by 14%, or 18% when normalizing for the pro forma impact of the sale of connected risk earlier in the year. Adjusted EBITDA margin expanded by approximately 60 basis points to 21%, while adjusted free cash flow increased by 15% to $27.8 million. Year-to-date, adjusted EBITDA margin accretion reached approximately 160 basis points to 24%, and adjusted free cash flow was $99.2 million, marking a 31% increase from the prior-year period, or 49% when excluding one-time refinancing costs. The company expects continued margin accretion and free cash flow improvement, with adjusted EBITDA anticipated to be between $310 million and $315 million for the full year, reflecting approximately 200 basis points of year-over-year margin accretion. The guidance also includes expectations for double-digit organic growth and improved financial leverage moving into 2025 and beyond.Strong Organic Revenue Growth
Organic revenue and core commissions and fees revenue grew 14%. Year-over-year adjusted EBITDA grew 14% or 18% normalizing for the pro forma impact of the sale of connected risk earlier this year.
Segment Performance
UCTS segment achieved organic revenue growth of 26% and commissions and fees growth of 31%. MIS segment delivered total organic revenue growth of 14% and commissions and fees revenue growth of 11%.
Adjusted Free Cash Flow Growth
Adjusted free cash flow grew 15% to $27.8 million in the third quarter. Year-to-date adjusted free cash flow is $99.2 million, up 31% from the prior year period.
Sales Velocity and New Business Production
Sales velocity for the quarter was 22%, a 400 basis point improvement over the third quarter of last year. Year-to-date new business production through the third quarter stands at $95 million, a 46% increase over the same period last year.
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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 |
|---|---|---|---|
| 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% |
| Feb 28, 2024 | $27.33 | $27.82 | +1.79% |
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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