Baldwin Group reports Q1 EPS 63c, consensus 63c

Reports Q1 revenue $532.2M, consensus $523.8M. “Our first quarter results demonstrate the durability and accelerating earnings power of our differentiated platform,” said Trevor Baldwin, Chief Executive Officer of The Baldwin Group (BWIN). “Total revenue grew 29% to $532.2 million and adjusted EBITDA grew 21% to $137.2 million, reflecting strong early contributions from our January partnerships-led by CAC Group-alongside continued execution across our core operating groups. CAC Group integration is meaningfully ahead of plan, with approximately 80% of targeted three-year expense synergies already actioned and revenue cross-sell wins materializing at scale more quickly than anticipated. Normalized organic growth of approximately 9%(5) inclusive of new partnerships underscores the trajectory of the business. We remain firmly on track to deliver accelerating organic growth through the year, exiting 2026 on a double-digit organic growth run rate and to continue advancing our $3B/30 Catalyst transformation program.”