secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000950170-24-120741
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crawford Q3 revenue flat at $329M; EPS $0.19 vs $0.25; Broadspire record; cash flow weak
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000095017024120741/0000950170-24-120741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000095017024120741/crda-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-120741

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