Crawford Earnings Reports

Crawford & Company posted Q4 2024 revenue of $347.3 million, marking a 17% year-over-year increase. Net income reached $5.7 million, recovering from a $0.8 million loss in the previous year. Adjusted EPS was $0.19, up from $0.06. The company's performance was bolstered by increased claims activity following major hurricanes and continued strength in its Broadspire segment.

Crawford & Company's third quarter 2024 results showed consistent consolidated revenues compared to the previous year. Broadspire achieved a new quarterly revenue record, while International Operations experienced revenue growth and margin expansion. The North America Loss Adjusting and Platform Solutions segments were impacted by a benign weather environment.

Crawford & Company reported revenues of $314.2 million and net income of $8.6 million for the second quarter of 2024. Despite a difficult comparison to the previous year due to weather events, three of the four business segments showed operating earnings growth with improved margins.

Crawford & Company's first quarter results for 2024 showed a decrease in revenues and net income compared to the same period last year, primarily due to the absence of significant severe weather activity. Despite this, non-weather driven businesses such as Broadspire and International Operations delivered strong results. The company's balance sheet remains strong, positioning it to capitalize on future opportunities.

Crawford & Company's Q4 2023 revenues decreased by 8% to $296.1 million. The company reported a net loss attributable to shareholders of $(0.8) million, an improvement from the $(14.1) million loss in Q4 2022. Non-GAAP net income was $3.3 million, compared to $11.4 million in the same period last year. Full year revenue reached a record $1.267 billion.

Crawford & Company announced strong Q3 2023 results with a 10% increase in revenue to a record $325.6 million. Net income attributable to shareholders was $12.3 million, a significant improvement from the $(15.1) million loss in the same period last year. Non-GAAP adjusted EBITDA increased by 81% to $38.6 million, reflecting operational excellence and margin improvements.

Crawford & Company reported a strong second quarter with revenue growth and margin improvement. Consolidated revenue increased by 9%, driven by growth in Platform Solutions and North America Loss Adjusting segments. The company's balance sheet and cash generation remain strong, allowing for continued investment in technology and people.

Crawford & Company reported a strong first quarter in 2023, with a 12% increase in revenues and a doubling of net income compared to the same period last year. The company experienced growth and profit expansion across all segments, driven by solid execution of strategies and client confidence.

Crawford & Company reported Q4 2022 financial results, achieving record revenues for both the quarter and the full year. The company's strategy focused on technology and people contributed to this success. While North America Loss Adjusting and Platform Solutions experienced double-digit revenue growth and margin expansion, the International business faced challenges. Broadspire demonstrated solid top-line growth. The company is focused on delivering earnings growth and healthy margins across the business in 2023.

Crawford & Company's Q3 2022 results reflect a slight revenue increase but a net loss attributable to shareholders due to a non-cash goodwill impairment. While revenues increased by 2% compared to the same period last year, the company recorded a non-cash goodwill impairment of $36.8 million, impacting net income. Non-GAAP adjusted EBITDA was $21.9 million, compared to $29.5 million in the prior year.

Crawford & Company reported a 10% increase in revenue compared to the prior year period, driven by strategic investments. While revenue growth was strong, the company is focused on converting top-line success into operating earnings expansion and cash flow improvement.

Crawford & Company's revenues increased by 10% compared to the prior year period, marking the fourth consecutive quarter of double-digit revenue growth. The company experienced growth in all of its businesses, with particular strength in North America Loss Adjusting and Platform Solutions. The company also repurchased approximately 2.2 million shares in the quarter.

Crawford & Company reported a 14% increase in revenues before reimbursements for the fourth quarter of 2021, reaching $292.9 million. Net income attributable to shareholders was $1.7 million, with diluted earnings per share of $0.03. On a non-GAAP basis, net income was $3.6 million, and diluted earnings per share were $0.07.

Crawford & Company reported a 14% year-over-year revenue increase in Q3 2021, despite ongoing headwinds from an uneven COVID-19 recovery. Strategic initiatives across Loss Adjusting and TPA segments drove strong U.S. revenue growth, while the Platform Solutions segment continued double-digit growth. The company also completed acquisitions of BosBoon, edjuster and Praxis.

Crawford & Company reported a strong second quarter in 2021, with revenues up 14% and net income doubling compared to the same period last year. The company saw strength across its business segments, driven by rebounding claim volumes and the adoption of digital solutions.

Crawford & Company reported a strong first quarter in 2021, with revenue increasing by 7% and operating earnings increasing by 86% year-over-year. The company benefited from weather-related activity and added $13 million in new and enhanced business. Crawford also launched Crawford Inspection Services, a digital solution for handling claims.

Crawford & Company's Q4 2020 results exceeded expectations, driven by the strength of its core business and the perseverance of its employees. The company expanded profitability, with revenue and operating earnings above Q4 2019 levels, while also strengthening the balance sheet by reducing net debt.

Crawford & Company reported increased net income and diluted earnings per share for the third quarter of 2020 compared to the same period in 2019. The company's performance was bolstered by weather-related claims and strategic business decisions, including acquisitions and dispositions. Non-GAAP measures also showed improvement, with adjusted operating earnings and EBITDA increasing.

Crawford & Company reported revenues of $234.4 million and net income of $5.9 million for the second quarter of 2020. While operating results were below 2019 levels, the company considers its operating earnings of $18.7 million a strong result given the current global economic environment.

Crawford & Company reported a decrease in revenues and a net loss for the first quarter of 2020. The company faced challenges due to benign weather, a COVID-19 related slowdown, and lower surge events, which triggered a goodwill impairment. Despite these challenges, the company maintained a strong financial position and continued to invest in IT infrastructure.

Crawford & Company reported a decrease in revenues and a net loss for the fourth quarter of 2019, impacted by weather-related events and external factors. While revenues decreased, the company focused on expense management, cash generation, and strategic investments for future growth.