Loading...
•
Dec 31, 2019
Crawford Q4 2019 Earnings Report
Crawford & Company reported a net loss in Q4 2019 and issued initial 2020 guidance.
Key Takeaways
Crawford & Company reported a decrease in revenues and a net loss for the fourth quarter of 2019, impacted by weather-related events and external factors. While revenues decreased, the company focused on expense management, cash generation, and strategic investments for future growth.
Revenues before reimbursements decreased to $247.2 million compared to $263.8 million in Q4 2018.
Net loss attributable to shareholders was $(7.3) million, a significant drop from the $11.9 million income in Q4 2018.
Non-GAAP adjusted EBITDA was $27.9 million, down from $41.4 million in the same period last year.
The company invested $14.0 million in innovations and secured new clients to drive growth in 2020.
Revenue by Geographic Location
Forward Guidance
Crawford & Company provided its initial guidance for 2020. Consolidated revenues before reimbursements are expected to be between $1.00 and $1.05 billion. Net income attributable to shareholders of Crawford & Company is projected to be between $37.5 and $42.5 million, or $0.73 to $0.83 diluted earnings per CRD-A share, and $0.65 to $0.75 diluted earnings per CRD-B share. Consolidated operating earnings are expected to range between $80.0 and $90.0 million, while consolidated adjusted EBITDA is anticipated to be between $115.0 and $125.0 million.
Positive Outlook
- Consolidated revenues before reimbursements between $1.00 and $1.05 billion
- Net income attributable to shareholders of Crawford & Company between $37.5 and $42.5 million
- Diluted earnings per CRD-A share between $0.73 and $0.83
- Diluted earnings per CRD-B share between $0.65 and $0.75
- Consolidated operating earnings between $80.0 and $90.0 million
Challenges Ahead
- Dependence on claim volumes
- Unpredictability of weather-related claims
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...