The company reported $0.48 non-GAAP EPS, beating expectations, but revenue of $482.9M missed estimates by $9.48M.
Baldwin Insurance Group posted Q2 non-GAAP earnings per share of $0.48, exceeding estimates by $0.01. Revenue reached $482.9 million, up 27.5% year-over-year but missing forecasts by $9.48 million.
Organic revenue growth was 2% year-over-year, while CAC Group total revenue growth hit 23%. The company reported a GAAP net loss of $56.0 million for the quarter.
Shares showed limited movement in after-hours trading as investors weighed the earnings beat against the revenue miss.