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Sep 30, 2024

Crawford Q3 2024 Earnings Report

Crawford & Company reported consistent consolidated third quarter revenues with growth in core non-weather-dependent businesses. Broadspire achieved a new quarterly revenue record and International Operations demonstrated revenue growth and margin expansion.

Key Takeaways

Crawford & Company's third quarter 2024 results showed consistent consolidated revenues compared to the previous year. Broadspire achieved a new quarterly revenue record, while International Operations experienced revenue growth and margin expansion. The North America Loss Adjusting and Platform Solutions segments were impacted by a benign weather environment.

Consolidated third quarter revenues were consistent with the previous year.

Broadspire achieved a new quarterly revenue record.

International Operations demonstrated revenue growth and margin expansion.

Benign weather conditions impacted growth in North America Loss Adjusting and Platform Solutions segments.

Total Revenue
$344M
Previous year: $338M
+1.5%
EPS
$0.22
Previous year: $0.36
-38.9%
Adjusted EBITDA
$29.6M
Previous year: $38.6M
-23.3%
Cash and Equivalents
$52.3M
Previous year: $49.2M
+6.4%
Free Cash Flow
-$18.4M
Previous year: $40.4M
-145.4%
Total Assets
$801M
Previous year: $827M
-3.2%

Crawford

Crawford

Crawford Revenue by Geographic Location

Forward Guidance

The company expects to see activity related to Hurricane Helene and Hurricane Milton reflected in its fourth quarter performance and remains focused on delivering sustainable growth, winning new customers, establishing strategic partnerships and delivering operational excellence.