Crawford & Company - CRD-A STOCK NEWS

Crawford & Company (NYSE: CRD-A and CRD-B) has promoted Andrew Bart to CEO of International Operations following an organizational restructure aimed at enhancing growth. This new geography-based structure is expected to streamline decision-making and empower teams closer to clients. Bart brings over 30 years of claims and loss adjusting experience, previously serving in various leadership roles within Crawford. The changes align with the company's strategy to build momentum toward growth and improve service quality across international markets.

Crawford & Company (NYSE: CRD-A, CRD-B) reported Q4 2021 revenues of $292.9 million, a 14% increase from $257.4 million in Q4 2020. However, net income declined to $1.7 million from $9.4 million year-over-year. Diluted EPS for both classes of stock fell to $0.03 from $0.18. Full-year revenues reached $1.102 billion, up 12%, while net income rose to $30.7 million. Despite strong U.S. performance, challenges persisted internationally, impacting margins. Management remains optimistic about growth strategies amid ongoing economic recovery from COVID-19.

Crawford & Company (NYSE: CRD-A and CRD-B) plans to release its fourth quarter and full year 2021 financial results on March 14, 2022, followed by a conference call on March 15, 2022. CEO Rohit Verma highlighted 2021 as a transformational year driven by U.S.-led strength despite macro challenges. The earnings release will occur at 4:15 p.m. ET, and the conference call at 8:30 a.m. ET. The financial details will be available on the investor website, ensuring transparency for shareholders and stakeholders.

Crawford & Company (NYSE: CRD-A, CRD-B) will release its fourth-quarter earnings for the period ending December 31, 2021, on March 3, 2022, at 4:15 p.m. Eastern time. This will be followed by a quarterly conference call on March 4, 2022, at 8:30 a.m. Eastern time. Investors can access the call via audio or through a webcast. The company, known for its claims management and outsourcing solutions, operates in over 70 countries globally.

Crawford & Company announced on February 10, 2022, an increase in its share repurchase program by an additional 5 million shares, building on a previous authorization of 2 million shares. The initial program, set to run until December 31, 2023, had only 413,317 shares remaining. The CEO expressed confidence in the company's value, stating they believe the stock is trading below its intrinsic value. Additionally, a quarterly dividend of $0.06 per share was declared for both Class A and Class B common stock, payable on March 11, 2022.

Crawford & Company (NYSE: CRD-A and CRD-B) will present at the Sidoti Winter Virtual Small Cap Conference on January 20 at 11:30 a.m. Eastern Time. The presentation will be led by Rohit Verma, CEO, and Bruce Swain, CFO. Investors can join the live webcast here, with replay materials available on the company’s investor website ir.crawco.com.

Crawford & Company (NYSE: CRD-A, CRD-B) has expanded its operations in the Middle East by integrating the Miller International team, which has exited the UAE loss adjusting market. The move includes a 10-member team of adjusters, surveyors, and engineers who will now report to Crawford's executive director for the region. Crawford promises to ensure continuity of service for existing Miller clients without changes to terms or costs. Additionally, Crawford has made several executive appointments to strengthen its operations and enhance client services.

Crawford & Company (NYSE: CRD-A and CRD-B) has promoted Greg Smith to president of Canada, effective January 1, 2022. With over 25 years at Crawford, Smith will oversee business operations in Canada, including Loss Adjusting and TPA services. His promotion reflects Crawford's commitment to internal talent development. Smith has served in multiple leadership roles and is active in various insurance organizations. The company is a leading provider of claims management solutions, operating in over 70 countries, with two classes of stock differentiated by voting rights and dividend policies.

Crawford & Company and Aon have released a guide focused on effectively managing cyber claims amid increasing ransomware attacks. The guide emphasizes the importance of preparedness and response strategies to mitigate risks and handle insurance claims efficiently. It explores the growing complexities associated with cyber incidents, highlighting the need for businesses to engage with loss adjusters and insurers early in the claims process. The collaboration aims to help organizations protect their finances and reputation during cyber crises.