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Crawford & Company (NYSE: CRD-A and CRD-B) has scheduled its first quarter 2025 earnings conference call. The company will release its Q1 2025 earnings results on Monday, May 5, 2025, at 4:15 p.m. Eastern Time.
The earnings conference call will be held on Tuesday, May 6, 2025, at 8:30 a.m. Eastern Time. Participants can access the call via phone at 1-800-549-8228 (Conference ID: 27578) or through a webcast hosted by Q4 Inc. Financial and statistical information will be available on Crawford's investor website at ir.crawco.com/financials.
Crawford & Company (NYSE: CRD-A and CRD-B) reported strong financial results for Q4 and full year 2024. The company achieved record revenues of $1.293 billion in 2024, up 2% from 2023. Q4 revenues increased 17% to $347.3 million, with net income of $5.7 million ($0.11 per CRD-A share, $0.12 for CRD-B).
Full year 2024 net income was $26.6 million ($0.53 per CRD-A share, $0.54 for CRD-B), compared to $30.6 million in 2023. The fourth quarter saw increased claims activity from Hurricanes Helene and Milton, driving growth across all business lines. Broadspire achieved its second consecutive year of record annual revenue, while International Operations showed improved performance in key markets.
The company's cash position stood at $55.4 million as of December 31, 2024, with total debt of $218.1 million. Operating cash flow was $51.6 million in 2024, down from $103.8 million in 2023.
Crawford & Company (NYSE: CRD-A and CRD-B) has scheduled its fourth quarter and full year 2024 earnings release for Monday, March 3, 2025, at 4:15 p.m. Eastern Time. The company will host a conference call to discuss quarterly and full year earnings on Tuesday, March 4, 2025, at 8:30 a.m. Eastern Time.
Participants can access the audio-only portion by dialing 1-800-549-8228 (Conference ID: 03099). For those wanting both audio and slide presentation access, the call will be webcast by Q4 Inc. and available through the Crawford & Company investor website. Financial and statistical information will be posted on the company's investor website at ir.crawco.com/financials.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced its quarterly dividend declaration following the Board of Directors meeting on February 6, 2025. The company will distribute a quarterly dividend of $0.07 per share for both Class A and Class B Common Stock. The dividend will be paid on March 7, 2025, to shareholders who are recorded as stockholders as of the close of business on February 24, 2025.
Crawford & Company reported Q3 2024 revenues of $329.4 million, slightly down from $330.1 million in Q3 2023. Net income decreased to $9.5 million from $12.3 million year-over-year. Diluted earnings per share were $0.19 for both CRD-A and CRD-B shares. Broadspire achieved record quarterly revenue of $99.0 million, up 7.4% YoY. International Operations saw 7.8% revenue growth to $105.7 million. However, North America Loss Adjusting and Platform Solutions segments were impacted by lower weather-related activity. The company's consolidated adjusted EBITDA was $29.6 million, down from $38.6 million in Q3 2023.
Crawford & Company (NYSE: CRD-A and CRD-B) announced that its Board of Directors has declared a quarterly dividend of $0.07 per share for both Class A and Class B Common Stock. The dividend will be paid on December 6, 2024, to shareholders of record as of the close of business on November 19, 2024. The declaration was made during the company's regular quarterly board meeting on October 31, 2024.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced its third quarter 2024 earnings conference call schedule. The company will release its earnings for the quarter ended September 30, 2024, on Monday, November 4, 2024, at 4:15 p.m. Eastern Time. The conference call to discuss quarterly earnings and other developments will be held on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time.
Participants can access the call via audio only by dialing 1-800-549-8228 (Conference ID: 04164). For audio and slide presentation access, the call will be webcast by Q4 Inc. and can be accessed on Crawford & Company's investor website. Financial and statistical information for the earnings call will be available on the company's website at ir.crawco.com/financials.
Crawford & Company (NYSE: CRD-A, CRD-B) reported its Q2 2024 results, with revenues before reimbursements at $314.2 million, down from $324.6 million in Q2 2023. Net income attributable to shareholders increased to $8.6 million from $8.4 million last year, with diluted EPS at $0.17 for both share classes, unchanged from Q2 2023. Non-GAAP diluted EPS rose to $0.25 from $0.24. The company added $23 million in new business, with a robust pipeline.
Segment Results:
- North America Loss Adjusting: Revenues of $76 million, slight decline; operating earnings up to $4.9 million.
- International Operations: Revenues up 7.3% to $102.3 million; operating earnings rose to $5.7 million.
- Broadspire: Record revenues of $97.1 million, up 11.3%; operating earnings surged to $15.1 million.
- Platform Solutions: Revenues fell 40.8% to $38.8 million; operating earnings down to $1.5 million.
Company's debt rose to $233.8 million, with cash and equivalents at $46.7 million. Cash used in operations was $8.3 million for H1 2024, versus $27.2 million provided in 2023. No CRD-A shares were repurchased, but 230,861 shares of CRD-B were repurchased for $2.1 million.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced its participation in the 2024 William Blair Insurance, Banking & Wealth Virtual Conference. The company's President and CEO, Rohit Verma, will be a part of the Core Systems InsurTech Panel on Tuesday, August 13, 2024, at 8:45 am ET.
This conference provides a platform for Crawford & Company to showcase its expertise in the insurance industry and discuss the latest trends in InsurTech. The participation of the company's top executive highlights Crawford's commitment to staying at the forefront of technological advancements in the insurance sector.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced a quarterly dividend declaration following its regular board meeting on July 25, 2024. The company will pay $0.07 per share for both Class A and Class B Common Stock. This dividend is payable on August 30, 2024, to shareholders of record as of the close of business on August 12, 2024. This announcement demonstrates Crawford & Company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
