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Stock impact report

BRP Group, Inc. Announces First Quarter 2023 Results

BRP Group, Inc. - Class A (BRP) 
Last brp group, inc. - class a earnings: 3/24 04:10 pm Check Earnings Report
Company Research Source: Business Wire
- First Quarter 2023 Revenue Grew 36% Year-Over-Year to $330.4 Million -- First Quarter 2023 Organic Revenue Growth(1) of 23% - TAMPA, Fla.--(BUSINESS WIRE)--BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the first quarter ended March 31, 2023.FIRST QUARTER 2023 HIGHLIGHTSRevenue increased 36% year-over-year to $330.4 millionOrganic Revenue Growth was 23% year-over-yearGAAP net loss of $25.9 million and GAAP diluted loss per share of $0.24Adjusted Net Income(2) of $49.2 million, or $0.42(2) per fully diluted shareAdjusted EBITDA(3) grew 8% to $79.0 millionAdjusted EBITDA Margin(3) of 24%“We had a fantastic start to 2023 as we delivered yet another quarter of outsized organic growth of 23%, including double-digit organic growth across all our segments, which represented our highest Q1 organic growth rate Show less Read more
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