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Dec 31, 2022
Crawford Q4 2022 Earnings Report
Crawford & Company reported record revenues for the quarter and year, driven by double digit revenue growth and expanded margins in Platform Solutions and North America Loss Adjusting.
Key Takeaways
Crawford & Company reported Q4 2022 financial results, achieving record revenues for both the quarter and the full year. The company's strategy focused on technology and people contributed to this success. While North America Loss Adjusting and Platform Solutions experienced double-digit revenue growth and margin expansion, the International business faced challenges. Broadspire demonstrated solid top-line growth. The company is focused on delivering earnings growth and healthy margins across the business in 2023.
Revenues before reimbursements increased by 10% to $322.2 million compared to Q4 2021.
Net loss attributable to shareholders was $(14.1) million, compared to income of $1.7 million in the same period last year.
Non-GAAP net income attributable to shareholders totaled $11.4 million, compared to $3.6 million in Q4 2021.
Consolidated adjusted EBITDA was $30.8 million, or 9.6% of revenues before reimbursements, compared to $17.6 million, or 6.0% of revenues, in Q4 2021.
Crawford
Crawford
Crawford Revenue by Geographic Location
Revenue by Geographic Location
US Revenue
CapyFin.comUK Revenue
CapyFin.comCanada Revenue
CapyFin.comAustralia Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Crawford is encouraged by the robust growth trajectory going into 2023 and remains focused on ensuring that they deliver on earnings growth and return to healthy margins across the business.