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Dec 31, 2023
Crawford Q4 2023 Earnings Report
Crawford & Company reported a decrease in revenue but an improvement in net income for the fourth quarter of 2023.
Key Takeaways
Crawford & Company's Q4 2023 revenues decreased by 8% to $296.1 million. The company reported a net loss attributable to shareholders of $(0.8) million, an improvement from the $(14.1) million loss in Q4 2022. Non-GAAP net income was $3.3 million, compared to $11.4 million in the same period last year. Full year revenue reached a record $1.267 billion.
Q4 revenues decreased by 8% year-over-year to $296.1 million.
Net loss attributable to shareholders improved to $(0.8) million from $(14.1) million in Q4 2022.
Non-GAAP net income attributable to shareholders was $3.3 million, down from $11.4 million in Q4 2022.
Broadspire and International Operations experienced double-digit revenue growth in Q4 2023.
Revenue by Geographic Location
Forward Guidance
Crawford & Company anticipates ample opportunities to enhance brand presence and expand market share in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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