secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000950170-24-024927
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017024024927/0000950170-24-024927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017024024927/crda-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-024927

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