Reports Q4 revenue $63.01M, consensus $68.27M. “We had a tremendous 2023 with premium growth of 34%, total revenue growth of 25%, Core revenue growth of 24%, and EBITDA growth of 90% with margin expansion of 900 basis points to 27%,” stated Mark Jones, chairman and CEO. “Our overall results this year unfolded according to plan as we have successfully implemented strategic changes to improve productivity and increase earnings power. The results of our Corporate sales leadership reorganization in late 2022, followed by consolidating Franchise leadership with Corporate in Q4 2023 drove very large productivity gains. The next phase of our execution will be driving accelerating new business production growth in 2024, particularly in our Franchise network and adding meaningfully to our overall productive capacity which should spring load into accelerating revenue and earnings growth in 2025 and beyond. We will be driving this improved growth on a significantly higher and expanding profitability base, further enhancing our competitive moat and positioning us well to execute on our long term objective of personal lines industry leadership.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GSHD:
- Goosehead Insurance, Inc. to Report Fourth Quarter and Full Year 2023 Results
- Goosehead Insurance appoints Lakamp as new Chief Service Officer
- Goosehead Insurance Appoints Industry Veteran David Lakamp as New Chief Service Officer
- Goosehead Insurance initiated with an Outperform at TD Cowen
- Goosehead Insurance price target raised to $85 from $80 at RBC Capital