earnings
confidence high
sentiment positive
materiality 0.70
Crawford & Company Q1 revenue $312M (+3%); net income $6.7M ($0.13/diluted), adj EPS $0.21
CRAWFORD & CO
- Revenue before reimbursements $312.0M (+3% YoY); net income $6.7M ($0.13 diluted EPS) vs $2.8M ($0.06).
- Consolidated adjusted operating earnings $17.8M (+47%); adjusted EBITDA $26.8M (+30%).
- International Ops revenue +6.4% to $104.4M, operating earnings +105% to $3.5M; Broadspire margin down to 12.7%.
- Subsequent event: foreign tax authority guidance may cause ~$5.0M negative impact (evaluation ongoing).
- Free cash flow improved to -$23.2M from -$29.4M; no share repurchases in Q1 2025.