---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-023294"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:39:27.601483+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Crawford Q3 net loss $15.1M on $36.8M goodwill impairment; constant-currency revenue +6%

## Summary
- GAAP net loss $15.1M ($0.31 diluted loss per share) vs net income $11.2M ($0.20/$0.21 EPS) in Q3 2021.
- Non-cash goodwill impairment of $36.8M, fully impairing International Operations goodwill; after-tax impact $20.9M.
- Revenues before reimbursements $294.9M, up 2% YoY; constant-currency growth 6% to $306M.
- Platform Solutions revenue +12.7% to $63.7M; International Operations had operating loss of $3.8M.
- Free cash flow -$41.1M YTD; total debt $257.4M vs $175M at Dec 2021; $26.7M share repurchases YTD.

## SEC filing metadata
- accession: 0000950170-22-023294
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25475/000095017022023294/0000950170-22-023294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000095017022023294/crda-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-023294
- JSON: https://secwatch.observer/filing/0000950170-22-023294.json
- Plain text: https://secwatch.observer/filing/0000950170-22-023294.txt

## Key facts
- Earnings Releases
  CRAWFORD & CO reported the third quarter ended September 30, 2022 results: revenue $294.9 million, net income $(15.1) million, EPS $(0.31).
  - Period: the third quarter ended September 30, 2022
  - Revenue: $294.9 million
  - Net income: $(15.1) million
  - EPS: $(0.31)
  - Result: reported results
  source text: unless different consideration is approved by the holders of 75% of CRD-A, voting as a class. GAAP Consolidated Results Third Quarter 2022 • Revenues before reimbursements of $294.9 million, up 2% over $288.5 million for the 2021 third quarter • The Company recorded a non-cash goodwill impairment of $36.8 million in the 2022 third quarter • Net loss attributable to
  evidence_url: https://www.sec.gov/Archives/edgar/data/25475/000095017022023294/0000950170-22-023294-index.htm

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