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Dec 31, 2021
Crawford Q4 2021 Earnings Report
Crawford & Company reported fourth quarter and full year results with double-digit revenue growth.
Key Takeaways
Crawford & Company reported a 14% increase in revenues before reimbursements for the fourth quarter of 2021, reaching $292.9 million. Net income attributable to shareholders was $1.7 million, with diluted earnings per share of $0.03. On a non-GAAP basis, net income was $3.6 million, and diluted earnings per share were $0.07.
Revenues before reimbursements increased by 14% to $292.9 million compared to Q4 2020.
Net income attributable to shareholders decreased to $1.7 million from $9.4 million in the same period last year.
Diluted earnings per share were $0.03 for both CRD-A and CRD-B, down from $0.18 in the prior year fourth quarter.
Consolidated adjusted EBITDA was $17.6 million, or 6.0% of revenues before reimbursements, compared to $27.5 million, or 10.7% of revenues, in the 2020 fourth quarter.
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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