earnings
confidence high
sentiment negative
materiality 0.75
Crawford Q1 net income falls 27% to $4.9M; revenue down 1% to $309.5M
CRAWFORD & CO
- GAAP diluted EPS $0.10 (both classes) down 23% YoY; Non-GAAP adjusted EPS $0.16 down 24%.
- Consolidated operating earnings $13.7M, down 23%; US P&C segment revenue down 11.3% on lower weather claims.
- International Operations revenue up 4.5% (+4.5% reported, constant currency -3%); Broadspire up 1.0%.
- Free cash flow -$4.6M (improved from -$23.2M); repurchased 468k CRD-A and 60k CRD-B shares.
- CEO cited $24M in new business wins; cash and equivalents $54.5M, total debt $194.1M.
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