secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000950170-24-090819
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017024090819/0000950170-24-090819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017024090819/crda-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-090819

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer