---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059427"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:35:04.668013+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-059427
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2023-11-06T23:59:59+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/25475/000095017023059427/0000950170-23-059427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000095017023059427/crda-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059427
- JSON: https://secwatch.observer/filing/0000950170-23-059427.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059427.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/25475/000095017023059427/0000950170-23-059427-index.htm

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