Crawford & Company reports record Q3 revenue $325.6M, net income $12.3M vs loss year ago

CRAWFORD & CO

Revenues before reimbursements $325.6M, up 10% YoY; GAAP diluted EPS $0.25 vs loss of $0.31.
Non-GAAP diluted EPS $0.35 (CRD-A) / $0.36 (CRD-B) vs $0.15; adjusted EBITDA $38.6M, up 81%.
North America Loss Adjusting revenue +18.8% to $79.4M; Broadspire revenue +12.7% to record $88.3M.
International Operations revenue +13.9% to $98.1M; Platform Solutions revenue -6.0% to $59.8M.
Operating cash flow $68.1M YTD vs $(16.2)M; total debt $218.4M, down $20.5M since Dec 2022.

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 third quarter ended September 30, 2023 results: revenue $325.6 million, net income $12.3 million, EPS $0.25.

Period: the third quarter ended September 30, 2023
Revenue: $325.6 million
Net income: $12.3 million
EPS: $0.25
Result: reported results

Exact text from the filing

non-voting Class A Common Stock (CRD-A). More information is available on the Company's website. GAAP Consolidated Results Third Quarter 2023 • Revenues before reimbursements of $325.6 million, up 10% over $294.9 million for the 2022 third quarter • Net income attributable to shareholders of $12.3 million, compared with a loss of $(15.1) million in the same period last

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Source: SEC EDGAR

accession 0000950170-23-059427

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