secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017235
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017023017235/0000950170-23-017235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017023017235/crda-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017235

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer