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Sep 30, 2021
Crawford Q3 2021 Earnings Report
Crawford & Company reported third quarter results with double digit revenue growth.
Key Takeaways
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.
Revenues before reimbursements increased by 14% to $288.5 million compared to Q3 2020.
Net income attributable to shareholders decreased to $11.2 million from $24.4 million in the same period last year.
Non-GAAP net income attributable to shareholders was $13.4 million, compared to $18.0 million in Q3 2020.
Consolidated adjusted EBITDA was $29.5 million, or 10.2% of revenues before reimbursements, compared to $35.1 million, or 13.8% of revenues, in Q3 2020.
Revenue by Geographic Location
Forward Guidance
Crawford continues to face an uneven global recovery, but remains confident in its ability to capitalize on opportunities and deliver value for shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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