Baldwin Group reports Q2 adjusted EPS 42c, consensus 42c

Reports Q2 revenue $378.8M, consensus $375.02M. “We are pleased with strong second quarter results at The Baldwin Group (BWIN). Our business once again generated double-digit organic growth, while delivering adjusted EBITDA growth of 14%, 60 basis points of adjusted EBITDA margin expansion and adjusted diluted earnings per share growth of 24%” said Trevor Baldwin, Chief Executive Officer of The Baldwin Group. “Our remaining earnout obligations associated with our Partnership activity over the last five years are behind us now. This important milestone provides The Baldwin Group with increased flexibility around capital allocation which will allow us to continue investing in strategic opportunities that sustain our industry-leading organic revenue growth, improve margin expansion, and decrease financial leverage, thus strengthening our business and ultimately creating long-term value for our shareholders and resulting in the development of innovative solutions for our clients’ evolving business needs.”