earnings
confidence high
sentiment negative
materiality 0.70
Crawford Q3 revenue flat at $329M; EPS $0.19 vs $0.25; Broadspire record; cash flow weak
CRAWFORD & CO
- GAAP diluted EPS $0.19 vs $0.25; non-GAAP adjusted EPS $0.22 vs $0.35.
- Broadspire segment revenue record $99.0M (+7.4% YoY); Intl Operations $105.7M (+7.8%).
- Platform Solutions revenue fell to $45.3M from $59.8M due to benign weather; weather claims low.
- Adjusted EBITDA $29.6M (9.0% margins) vs $38.6M (11.7%); 9-month operating cash flow $11.1M vs $68.1M.
- Debt rose to $238.4M from $209.1M; free cash flow -$18.4M vs +$40.4M prior year.