secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-023294
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017022023294/0000950170-22-023294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017022023294/crda-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023294

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