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Jun 30, 2023
Crawford Q2 2023 Earnings Report
Crawford & Company reported second quarter results with continuing revenue growth leading to earnings and margin expansion.
Key Takeaways
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 achieved its eleventh consecutive quarter of consolidated revenue growth.
Platform Solutions revenue grew 22% due to strong activity in Networks and Contractor Connection service lines.
North America Loss Adjusting segment revenue grew 15%, driven by the addition of specialty adjusters and new accounts.
International business performed well, with improved margins reflecting cost efficiency efforts and growth in the current year.
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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