Overview

* Baldwin Q3 revenue grows 8% to $365.4 mln, beating analyst expectations

* Adjusted EPS for Q3 at $0.31, exceeding analyst estimates

* Company reports Q3 GAAP net loss of $30.2 mln

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* ORGANIC GROWTH - Baldwin reported a 5% organic revenue growth, contributing to the overall revenue increase

* CASH FLOW IMPROVEMENT - Adjusted free cash flow increased by 26% due to debt reduction and capital optimization

* STABLE EBITDA - Adjusted EBITDA remained at $72.5 million, showing stable operational performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $365.38 $363.72

Revenue mln mln (6

Analysts

)

Q3 Beat $0.31 $0.30 (9

Adjusted Analysts

EPS )

Q3 EPS -$0.27

Q3 Beat $36.50 $35.66

Adjusted mln mln (6

Net Analysts

Income )

Q3 Net -$30.23

Income mln

Q3 Beat $72.50 $70.59

Adjusted mln mln (6

EBITDA Analysts

)

Q3 20%

Adjusted

EBITDA

Margin

Q3 $3.21

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

* Wall Street's median 12-month price target for Baldwin Insurance Group Inc ( BWIN ) is $33.50, about 33.1% above its November 3 closing price of $22.41

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)