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Dec 31, 2024
Crawford Q4 2024 Earnings Report
Crawford & Company reported record revenues for Q4 2024, driven by growth across all business segments, with notable strength in International Operations and Platform Solutions.
Key Takeaways
Crawford & Company posted Q4 2024 revenue of $347.3 million, marking a 17% year-over-year increase. Net income reached $5.7 million, recovering from a $0.8 million loss in the previous year. Adjusted EPS was $0.19, up from $0.06. The company's performance was bolstered by increased claims activity following major hurricanes and continued strength in its Broadspire segment.
Revenue rose 17% YoY to $347.3 million.
Net income improved to $5.7 million from a $0.8 million loss.
Adjusted EPS increased to $0.19, up from $0.06 last year.
Platform Solutions segment revenue surged 55.1% YoY.
Revenue by Geographic Location
Forward Guidance
Crawford & Company expects continued revenue growth in 2025, with improving margins and enhanced operational efficiency. Expansion in international markets and technology investments are key strategic priorities.
Positive Outlook
- Revenue growth expected across all major business segments.
- Continued improvement in adjusted operating earnings and EBITDA.
- Further expansion of technology-driven claims processing solutions.
- Growing demand for third-party administration services in Broadspire.
- Strengthening international presence in key markets.
Challenges Ahead
- Potential volatility in claims activity due to unpredictable weather events.
- Higher SG&A expenses expected due to increased technology investments.
- Foreign exchange fluctuations may impact international earnings.
- Competitive pressures in the insurance outsourcing industry.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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