secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001104659-22-052818
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000110465922052818/0001104659-22-052818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000110465922052818/tm2213638d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-052818

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