---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-008521"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:40:40.047931+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crawford Q1 revenue up 10% to $279M; net income falls to $5.1M; repurchases 2.2M shares

## Summary
- Revenues before reimbursements $279.0M (+10% YoY); net income $5.1M vs $6.1M; diluted EPS $0.10 vs $0.11.
- Non-GAAP adjusted EPS $0.15 flat YoY; adjusted EBITDA $21.9M (7.8% margin) vs $22.2M (8.8%).
- Platform Solutions revenue surged 35% to $48.9M; operating earnings doubled to $8.0M. International Operations loss widened to $3.1M.
- Repurchased 2.2M shares for $16.1M in Q1; net share count reduced 10% since 2018.
- Operating cash flow used $15.3M vs provided $1.6M; free cash flow -$22.9M. Debt rose to $232.6M.

## SEC filing metadata
- accession: 0000950170-22-008521
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25475/000095017022008521/0000950170-22-008521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000095017022008521/crda-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-008521
- JSON: https://secwatch.observer/filing/0000950170-22-008521.json
- Plain text: https://secwatch.observer/filing/0000950170-22-008521.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.