Crawford Q1 2022 Earnings Report
Key Takeaways
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.
Revenues before reimbursements increased by 10% to $279.0 million compared to $253.2 million for the 2021 first quarter.
Net income attributable to shareholders was $5.1 million, compared to $6.1 million in the same period last year.
Diluted earnings per share was $0.10 for both CRD-A and CRD-B, compared with $0.11 for both CRD-A and CRD-B in the prior year first quarter.
Consolidated adjusted EBITDA was $21.9 million, or 7.8% of revenues before reimbursements, compared with $22.2 million, or 8.8% of revenues, in the 2021 first quarter.
Crawford
Crawford
Crawford Revenue by Geographic Location
Forward Guidance
Crawford & Company did not provide specific forward guidance in this earnings report.