secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0000950170-22-008521
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017022008521/0000950170-22-008521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017022008521/crda-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008521

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