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Sep 30, 2023
Crawford Q3 2023 Earnings Report
Crawford & Company reported record quarterly revenue, driving earnings and margin expansion.
Key Takeaways
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.
Revenues before reimbursements increased by 10% year-over-year, reaching a record $325.6 million.
Net income attributable to shareholders was $12.3 million, compared to a $(15.1) million loss in Q3 2022.
Non-GAAP diluted earnings per share were $0.35 for CRD-A and $0.36 for CRD-B, up from $0.15 in the prior year.
Consolidated adjusted EBITDA increased by 81% to $38.6 million, representing 11.9% of revenues before reimbursements.
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the Q3 2023 earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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