Crawford & Company - CRD-A STOCK NEWS

On February 11, 2021, Crawford & Company declared a quarterly dividend of $0.06 per share for both Class A (CRD-A) and Class B (CRD-B) Common Stock, marking an increase of $0.01 from the previous quarter. The dividend is payable on March 12, 2021, to shareholders recorded as of February 26, 2021. As the largest publicly listed independent provider of claims management solutions, Crawford serves clients across more than 70 countries, ensuring significant shareholder value through consistent dividend payments.

Crawford & Company (NYSE: CRD-A, CRD-B) has launched Virtual Assist, a new online marketplace for adjusters to enhance desk adjusting operations. This platform offers access to an extensive range of services, including digital tools, on-demand services, contractor services, and expert services, aimed at streamlining the claims handling process. Available from October 1, 2020, the initiative underscores Crawford's commitment to innovation and efficiency in claims management, enabling faster resolution of claims while reducing costs.

Crawford & Company (NYSE: CRD-A, CRD-B) has announced the acquisition of Crawford Carvallo, a prominent provider of claims management solutions in Chile. This strategic move enhances Crawford's footprint in Latin America, formalizing a partnership lasting nearly 30 years. The acquisition aims to leverage Carvallo's expertise across various sectors including marine and legal services, improving Crawford's ability to meet evolving client needs. President Roberto McQuattie emphasized the acquisition's potential to expand offerings and enhance service delivery in the region.

Crawford & Company (NYSE:CRD-A, CRD-B) will participate in the virtual Midwest IDEAS Investor Conference on August 27, 2020. CEO Rohit Verma and CFO Bruce Swain will present to investors and other interested parties. A live webcast of the presentation can be accessed via the company’s website, along with presentation materials. A replay will be available for approximately 90 days following the event. Crawford is the largest publicly listed independent claims management provider globally, with services in over 70 countries.

Crawford & Company (NYSE: CRD-A) reported Q2 2020 financial results with revenues of $234.4 million, down from $256.9 million in Q2 2019. Net income attributable to shareholders rose to $5.9 million, up from $2.6 million year-over-year. Diluted earnings per share improved to $0.11 for both CRD-A and CRD-B shares. Non-GAAP revenues were $240.2 million. The COVID-19 pandemic negatively impacted revenues by an estimated $22 million to $26 million. The company maintained a cash position of $60 million and total debt of $195.6 million as of June 30, 2020.

On July 31, 2020, Crawford & Company announced a quarterly dividend of $0.04 per share for both Class A and Class B Common Stock, marking a $0.01 increase from the previous quarter. The dividend is payable on September 2, 2020, to shareholders of record as of August 18, 2020. The company’s two stock classes are similar except for voting rights and dividend payments, with Class A eligible for higher dividends. This dividend reflects a commitment to returning value to shareholders amidst its role as a leading provider of claims management solutions globally.

Crawford & Company (NYSE: CRD-A) will release its earnings for Q2 2020 on August 3, 2020, at 4:15 p.m. ET. A conference call will follow on August 4, 2020, at 8:30 a.m. ET to discuss these results and other developments. The earnings call can be accessed by phone or via a webcast. Crawford, as the largest independent claims management provider, operates in over 70 countries, offering solutions to carriers, brokers, and corporates. The company has two classes of stock, CRD-A and CRD-B, which are mostly identical with respect to rights and dividends.

On June 12, 2020, Crawford & Company (NYSE: CRD-A), the leading independent claims management provider, announced the sale of its 51% stake in Lloyd Warwick International (LWI). This strategic move simplifies the company’s brand structure, allowing Crawford to consolidate its loss adjusting operations under a single branding approach. President Andrew Bart emphasized that the focus on complex claims remains unchanged, reinforcing commitment to the energy sector.

The Board of Directors of Crawford & Company declared a quarterly dividend of $0.03 per share on both Class A and Class B Common Stocks, payable on June 12, 2020, to shareholders of record as of June 2, 2020. While the company maintains a strong liquidity position, it has reduced its dividend due to uncertainties from the COVID-19 pandemic to enhance financial flexibility. The firm continues to focus on protecting its team, serving clients, and preserving long-term shareholder value.