Crawford & Company Q2 revenue up 9% to $320.7M; GAAP EPS $0.17, adjusted EPS $0.24

CRAWFORD & CO

Revenues before reimbursements $320.7M (+9% YoY); GAAP net income $8.4M vs $5.8M
Non-GAAP diluted EPS $0.24 (vs $0.15); adjusted EBITDA $31.5M (9.8% margin) up from $21.2M
Platform Solutions revenue $65.6M (+22.1%); International Operations swung to profit $3.7M from loss
Operating cash flow YTD $27.2M vs $(12.8)M used in prior year; no share repurchases in 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CRAWFORD & CO reported the second quarter ended June 30, 2023 results: revenue $320.7 million, net income $8.4 million, EPS $0.17.

Period: the second quarter ended June 30, 2023
Revenue: $320.7 million
Net income: $8.4 million
EPS: $0.17
Result: reported results

Exact text from the filing

GAAP Consolidated Results Second Quarter 2023 • Revenues before reimbursements of $320.7 million, up 9% over $293.3 million for the 2022 second quarter • Net income attributable to shareholders of $8.4 million, compared with $5.8 million in the same period last year • Diluted earnings per share of $0.17 for both CRD-A and CRD-B, compared with diluted earnings per share of $0.12 for both CRD-A and CRD-B in the prior year second quarter

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Source: SEC EDGAR

accession 0000950170-23-038099

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