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Jun 30, 2022
Crawford Q2 2022 Earnings Report
Crawford & Company reported strong top-line results with double-digit revenue growth in the second quarter of 2022.
Key Takeaways
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.
Revenues before reimbursements increased by 10% to $293.3 million compared to the second quarter of 2021.
Net income attributable to shareholders was $5.8 million, compared to $11.8 million in the same period last year.
Diluted earnings per share were $0.12 for both CRD-A and CRD-B, compared with $0.22 in the prior year.
Consolidated adjusted EBITDA was $21.8 million, or 7.4% of revenues before reimbursements, compared with $29.0 million, or 10.8% of revenues, in the 2021 second quarter.
Revenue by Geographic Location
Forward Guidance
While no specific guidance is given, the company is focused on converting top-line success into operating earnings expansion and cash flow improvement to accelerate profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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