Crawford & Company reports FY2021 revenues of $1.1B; highlights strategic growth initiatives and recent M&A

CRAWFORD & CO

FY2021 GAAP revenues $1.1B, operating earnings $54.3M, net income $30.7M, adjusted EBITDA $98.3M.
Q1 2022 additional 5M share repurchase authorization; cumulative buybacks 13.7% of shares since YE 2018.
Completed acquisitions in 2021-2022: edjuster ($34.6M), Praxis ($52.3M), BosBoon ($3.9M), R.P. van Dijk ($6.6M).
Leverage ratio 1.66x; pension liability reduced to $17.9M (funded ratio 96.3%).
Reorganized segments effective Jan 2022: North America Loss Adjusting, Broadspire, International, Platform Solutions.

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