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Stock impact report

BRP Group, Inc. Announces Third Quarter 2022 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
- Third Quarter 2022 Revenue Grew 91% Year-Over-Year to $259.4 Million -- Third Quarter 2022 Organic Revenue Growth(1) of 28% - TAMPA, Fla.--(BUSINESS WIRE)--BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, today announced its results for the third quarter ended September 30, 2022.THIRD QUARTER 2022 HIGHLIGHTSRevenue increased 91% year-over-year to $259.4 millionPro Forma Revenue(2) grew 89% year-over-year to $260.1 millionOrganic Revenue Growth was 28% year-over-year“MGA of the Future” organic revenue grew 80% year-over-yearGAAP net loss of $46.7 million and GAAP loss per fully diluted share of $0.43Adjusted Net Income(3) of $20.8 million, or $0.18(3) per fully diluted shareAdjusted EBITDA(4) grew 118% to $41.9 millionAdjusted EBITDA Margin(4) of 16%Pro Forma Adjusted EBITDA(5) of $41.9 million and Pro Forma Adjusted EBITDA Margin(5) of 16%“For the third quarter, we generated exception Show less Read more
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