Baldwin Insurance Q3 revenue rises on acquisitions
BWIN•The Baldwin Insurance Group’s third-quarter revenue rose 31% year over year to $480.3 million, while adjusted EPS increased 35% to $0.42 and missed the $0.43 consensus. The company agreed to an all-cash go-private deal expected to close in the first quarter of 2027.
1. Revenue growth
Third-quarter revenue rose 31% year over year to $480.3 million, with the company citing contributions from newly acquired partners and 6% organic revenue growth.
2. Earnings and deal
Adjusted EPS increased 35% year over year to $0.42, below the $0.43 analyst consensus. Adjusted net income was $59.40 million, compared with a $61.45 million consensus; the company also reported a $0.63 loss per share and operating income of negative $43.21 million. It agreed to be acquired in an all-cash go-private deal expected to close in the first quarter of 2027.
