secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000950170-22-015595
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crawford Q2 revenue up 10% to $293M, net income falls 51% to $5.8M; margins shrink
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- Revenue before reimbursements $293.3M (+10% YoY); GAAP net income $5.8M vs $11.8M; diluted EPS $0.12 vs $0.22.
- Non-GAAP adjusted EPS $0.15 (CRD-A) / $0.16 (CRD-B) vs $0.25 / $0.26. Adjusted EBITDA $21.8M (7.4% margin) vs $29.0M (10.8%).
- Platform Solutions revenue +22% to $53.7M but operating earnings halved to $4.6M; International Operations posted a $0.7M operating loss.
- Broadspire segment revenue +5.5% to $80.1M, operating earnings up to $7.7M (9.6% margin).
- Operating cash used $12.8M in H1 2022 vs $10.5M provided in 2021; $26.7M spent on share repurchases in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017022015595/0000950170-22-015595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017022015595/crda-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015595

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