secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0000950170-21-003504
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crawford Q3 revenue up 14% to $288.5M; EPS down YoY; announces acquisitions and $450M credit facility
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- Revenue before reimbursements $288.5M (+14% YoY); net income $11.2M vs $24.4M; diluted EPS $0.20/$0.21 vs $0.46.
- Loss Adjusting revenue $124M (+11.8%) but operating earnings fell to $7.1M from $14.1M; Platform Solutions op earnings up to $11.0M.
- Acquired edjuster (Aug, $21M initial plus earnout), Praxis (Oct, $25.5M initial), BosBoon (Oct); $450M credit facility maturing 2026.
- Board authorized up to 2M share repurchase through Dec 2023; 642k shares repurchased YTD for $6.1M.
- Free cash flow -$0.58M for nine months vs +$33.7M; adjusted EBITDA $29.5M vs $35.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017021003504/0000950170-21-003504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017021003504/crda-20211108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-003504

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