Crawford reports record FY 2023 revenue; Q4 revenue down 8% on benign weather

CRAWFORD & CO

Q4 2023 revenues before reimbursements $296.1M, down 8% YoY; GAAP net loss $0.8M and diluted EPS loss $0.02.
Non-GAAP adjusted EPS for Q4 was $0.06 (CRD-A) and $0.07 (CRD-B), down from $0.23 in Q4 2022.
FY 2023 record revenue of $1.267B, up 7% YoY; GAAP net income $30.6M vs loss of $18.3M in 2022.
Broadspire segment Q4 revenue up 17.2% to $92.1M; Platform Solutions revenue dropped 52% to $37.2M.
Operating cash flow improved to $103.8M from $27.6M; total debt reduced to $209.1M from $238.9M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CRAWFORD & CO reported the fourth quarter ended December 31, 2023 results: revenue $296.1 million, net income $(0.8) million, EPS $(0.02) for both CRD-A and CRD-B.

Period: the fourth quarter ended December 31, 2023
Revenue: $296.1 million
Net income: $(0.8) million
EPS: $(0.02) for both CRD-A and CRD-B
Result: reported results

Exact text from the filing

GAAP Consolidated Results Fourth Quarter 2023 • Revenues before reimbursements of $296.1 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CRAWFORD & CO reported the full year ended December 31, 2023 results: revenue $1.267 billion, net income $30.6 million, EPS $0.61 for CRD-A and $0.62 for CRD-B.

Period: the full year ended December 31, 2023
Revenue: $1.267 billion
Net income: $30.6 million
EPS: $0.61 for CRD-A and $0.62 for CRD-B
Result: reported results

Exact text from the filing

GAAP Consolidated Results Full Year 2023 • Revenues before reimbursements of $1.267 billion

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Source: SEC EDGAR

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