---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051329"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:21:58.926480+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crawford Q1 net income falls 73% to $2.8M; revenue down 5% to $301.7M

## Summary
- GAAP diluted EPS $0.06 for both CRD-A and CRD-B, down from $0.22 in Q1 2023.
- Non-GAAP adjusted EPS $0.13, down from $0.28; adjusted EBITDA $20.6M vs $32.8M.
- Broadspire segment revenue hit record $94.3M, up 12.2% YoY; Platform Solutions fell 49.2% due to absence of ~$30M catastrophe claims.
- Net cash used in operations $19.8M vs $0.4M used a year ago; free cash flow -$29.4M.
- No severe weather activity in Q1 2024; company notes non-weather businesses performed well.

## SEC filing metadata
- accession: 0000950170-24-051329
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25475/000095017024051329/0000950170-24-051329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000095017024051329/crda-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051329
- JSON: https://secwatch.observer/filing/0000950170-24-051329.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051329.txt

## Key facts
- Earnings Releases
  CRAWFORD & CO reported first quarter ended March 31, 2024 results: revenue $301.7 million, net income $2.8 million, EPS $0.06.
  - Period: first quarter ended March 31, 2024
  - Revenue: $301.7 million
  - Net income: $2.8 million
  - EPS: $0.06
  - Result: reported results
  source text: Revenues before reimbursements of $301.7 million, down (5)% from $316.3 million for the 2023 first quarter • Net income attributable to shareholders of $2.8 million, decreasing from the $10.7 million in the same period last year • Diluted earnings per share of $0.06 for both CRD-A and CRD-B
  evidence_url: https://www.sec.gov/Archives/edgar/data/25475/000095017024051329/0000950170-24-051329-index.htm

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