earnings
confidence high
sentiment positive
materiality 0.65
Crawford Q3 net income up 31% to $12.4M; adjusted EPS $0.32; Broadspire and International record revenues
CRAWFORD & CO
- Revenue before reimbursements $322.2M, down 2% YoY; net income $12.4M ($0.25 diluted EPS) vs $9.5M ($0.19) prior year.
- Consolidated adjusted operating earnings $26.6M, up 22% YoY; adjusted EBITDA $36.3M, up 23%.
- Broadspire revenue $103.4M (record quarter, +4.4%); International Operations $112.9M (record, +6.7%).
- Platform Solutions revenue down 36% to $28.9M on lower staff augmentation; North America Loss Adjusting -2.9%.
- Board added 2M shares to repurchase authorization through Dec 2027; Q3 bought 263k CRD-A and 13k CRD-B shares.
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