TWFG Inc (TWFG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic Expansion ... [Yahoo! Finance]
TWFG, Inc. (TWFG)
Company Research
Source: Yahoo! Finance
TWFG Inc ( NASDAQ:TWFG ) achieved a 14.5% total revenue growth in the third quarter. The company successfully launched its IPO, raising $192.9 million in net proceeds. TWFG Inc ( NASDAQ:TWFG ) expanded its geographical footprint by opening 86 new locations in 13 new states. The company reported a strong adjusted EBITDA margin of 21.5%, up from 19% in the prior year period. TWFG Inc ( NASDAQ:TWFG ) has a robust M&A pipeline with signed letters of intent for acquisitions expected to close in early 2025. Net income for the quarter decreased by 9.4% compared to the prior year period. The company faced operational disruptions due to multiple hurricanes impacting its locations. There was a decrease in commission expense due to branch conversions, impacting overall financials. TWFG Inc ( NASDAQ:TWFG ) anticipates increased public company expenses in the coming quarters. The company experienced a decline in premium retention, normalizing to 88% from previous higher levels.
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TWFG
News
- TWFG, Inc. (NASDAQ: TWFG) had its price target raised by analysts at Royal Bank of Canada from $30.00 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- TWFG Announces Third Quarter 2024 ResultsGlobeNewswire
- TWFG, Inc. (NASDAQ: TWFG) had its price target raised by analysts at Piper Sandler from $30.00 to $37.00. They now have an "overweight" rating on the stock.MarketBeat
- TWFG Inc. to Report Third Quarter 2024 ResultsPR Newswire
- TWFG, Inc. (NASDAQ: TWFG) was upgraded by analysts at DOWLING & PARTN to a "hold" rating.MarketBeat
TWFG
Earnings
- 11/12/24 - Beat
TWFG
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- TWFG's page on the SEC website