---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017235"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:47:23.808830+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crawford Q1 revenue $313M (+12% YoY), net income doubles to $10.7M; adjusted EPS $0.28

## Summary
- Revenue before reimbursements $313.0M (+12% YoY); net income $10.7M ($0.22 diluted EPS) vs $5.1M ($0.10) prior year
- All segments grew: N.A. Loss Adjusting +19.7%, Broadspire +6.2%, Platform Solutions +28.6%, International +2.9% with margin expansion
- Non-GAAP adjusted EBITDA $32.8M (10.5% margin) up from $21.3M (7.6%) a year ago
- Free cash flow improved to -$9.1M from -$22.9M in Q1 2022; no share repurchases in current quarter
- Currency headwinds reduced revenue by $9.4M (-3%); constant-currency revenue growth was 16%

## SEC filing metadata
- accession: 0000950170-23-017235
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25475/000095017023017235/0000950170-23-017235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000095017023017235/crda-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017235
- JSON: https://secwatch.observer/filing/0000950170-23-017235.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017235.txt

## Key facts
- Earnings Releases
  CRAWFORD & CO reported first quarter ended March 31, 2023 results: revenue $313.0 million, net income $10.7 million, EPS $0.22.
  - Period: first quarter ended March 31, 2023
  - Revenue: $313.0 million
  - Net income: $10.7 million
  - EPS: $0.22
  - Result: reported results
  source text: GAAP Consolidated Results First Quarter 2023 • Revenues before reimbursements of $313.0 million, up 12% over $279.0 million for the 2022 first quarter • Net income attributable to shareholders of $10.7 million, more than doubling the $5.1 million in the same period last year • Diluted earnings per share of $0.22 for both CRD-A and CRD-B, compared with diluted earnings per share of $0.10 for both CRD-A and CRD-B in the prior year first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/25475/000095017023017235/0000950170-23-017235-index.htm

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