earnings
confidence high
sentiment negative
materiality 0.65
Crawford Q4 rev $292.9M (+14% YoY); GAAP EPS $0.03 vs $0.18; net income $1.7M
CRAWFORD & CO
- Q4 revenues before reimbursements $292.9M (+14% YoY); net income attributable to shareholders $1.7M (down from $9.4M).
- GAAP diluted EPS $0.03 per share (both classes); non-GAAP adjusted EBITDA fell to $17.6M from $27.5M.
- Full-year 2021 revenue $1.102B (+12%); net income $30.7M vs $28.3M; adjusted EBITDA $98.3M vs $104.8M.
- Loss Adjusting segment Q4 op. earnings $4.9M (4.0% margin) vs $16.3M (14.6%); Platform Solutions improved, TPA declined.
- Board authorized addition of 5M shares to repurchase program; segment realignment to geography-based structure effective Jan 1, 2022.