Crawford & Co Q2 revenue $314.2M (-3% YoY); net income $8.6M; Broadspire record $97.1M

CRAWFORD & CO

Revenue before reimbursements $314.2M, down 3.2% YoY; net income $8.6M (+2% from $8.4M).
GAAP EPS $0.17 flat; adjusted EPS $0.25 vs $0.24 prior year.
Broadspire record revenue $97.1M (+11.3%) with operating margin 15.5% (vs 9.3%).
Platform Solutions revenue fell 40.8% to $38.8M due to lower weather claims.
Free cash flow -$26.7M YTD vs +$9.2M prior year; repurchased 230,861 CRD-B shares for $2.1M.

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