NYSE$CRD-A
Crawford & Company · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Crawford & Company's financial performance was impacted by benign weather, COVID-19 slowdown, and lower surge events, leading to a net loss and goodwill impairment, though sales pipeline building and investments in IT infrastructure continued.
Crawford & Company reported a decrease in revenues and a net loss for the first quarter of 2020. The company faced challenges due to benign weather, a COVID-19 related slowdown, and lower surge events, which triggered a goodwill impairment. Despite these challenges, the company maintained a strong financial position and continued to invest in IT infrastructure.
- Revenues before reimbursements decreased to $237.5 million from $247.1 million in Q1 2019.
- Net loss attributable to shareholders was $(11.4) million, compared to a net income of $6.1 million in the same period last year.
- The company recognized a goodwill impairment of $17.7 million related to Crawford Claims Solutions.
- COVID-19 negatively impacted revenues by an estimated $3.5 million and operating earnings by $1.8 million.
Headline financials
Revenue & EPS history
Crawford · Revenue · Quarterly
$246M
Revenue by segment
Crawford · $326M total across 4 segments · Q3 2023
- International Operations$98.1M+13.9%30.1%
- Broadspire$88.3M+12.7%27.1%
- North America Loss Adjusting$79.4M+18.8%24.4%
- Platform Solutions$59.8M-6.0%18.4%
Forward guidance
Crawford & Company withdrew its 2020 guidance provided on the Company’s fourth quarter and full year 2019 earnings call on March 5, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.9%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.6%
Avg return
30 days after
48%
34 / 71 earnings
Positive
+16.5%
Q1 2011
Best reaction
-25.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -4.5% | +1.4% | |
| Q4 2025 | -5.1% | -3.7% | -6.8% | |
| Q3 2025 | +2.1% | +2.9% | +1.4% | |
| Q1 2025 | -3.0% | -4.8% | -6.4% | |
| Q4 2024 | -1.7% | -5.3% | -12.1% | |
| Q3 2024 | +4.8% | +6.7% | +5.7% | |
| Q2 2024 | +0.7% | -1.2% | +8.7% | |
| Q1 2024 | +5.9% | -0.6% | -2.2% | |
| Q4 2023 | -25.2% | -32.7% | -24.5% | |
| Q3 2023 | +4.7% | +9.9% | +21.9% | |
| Q2 2023 | -1.9% | -3.6% | +9.7% | |
| Q1 2023 | +0.8% | +8.7% | +11.2% | |
| Q4 2022 | +13.7% | +20.8% | +59.2% | |
| Q3 2022 | +3.9% | +4.4% | -4.8% | |
| Q2 2022 | -3.0% | -0.6% | -15.7% | |
| Q1 2022 | +0.7% | -1.7% | +2.3% | |
| Q4 2021 | -2.9% | -1.0% | +7.4% | |
| Q3 2021 | -6.1% | -5.6% | -16.7% | |
| Q2 2021 | -3.5% | -0.4% | -4.6% | |
| Q1 2021 | -3.7% | -6.3% | +0.9% | |
| Q4 2020 | +5.8% | +5.8% | +7.7% | |
| Q3 2020 | +13.0% | +7.8% | +18.6% | |
| Q2 2020 | -0.8% | +7.9% | +0.1% | |
| Q1 2020 | -4.7% | -9.1% | -2.1% | |
| Q4 2019 | +3.8% | -0.9% | -17.2% | |
| Q3 2019 | -3.2% | +1.9% | +2.7% | |
| Q2 2019 | +2.7% | +1.1% | -1.9% | |
| Q1 2019 | -0.6% | +0.8% | +0.6% | |
| Q4 2018 | +7.2% | +8.8% | +3.4% | |
| Q3 2018 | -0.6% | +0.7% | -1.1% | |
| Q2 2018 | +0.5% | +1.4% | +3.0% | |
| Q1 2018 | -1.7% | -2.0% | -1.5% | |
| Q4 2017 | -7.2% | -4.1% | -3.4% | |
| Q3 2017 | -23.0% | -17.7% | -10.7% | |
| Q2 2017 | -0.1% | +1.5% | +29.4% | |
| Q1 2017 | -11.9% | -13.3% | -11.8% | |
| Q4 2016 | +0.6% | -7.6% | -6.6% | |
| Q3 2016 | +1.5% | +11.7% | +17.9% | |
| Q2 2016 | -0.2% | -0.6% | +0.7% | |
| Q1 2016 | +7.6% | — | — | |
| Q4 2015 | +16.2% | — | — | |
| Q3 2015 | -13.0% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -3.5% | — | — | |
| Q3 2014 | -8.6% | — | — | |
| Q2 2014 | +5.6% | — | — | |
| Q1 2014 | -10.1% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | -4.7% | — | — | |
| Q2 2013 | +3.0% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | +4.2% | — | — | |
| Q1 2012 | -3.1% | — | — | |
| Q2 2011 | +1.7% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q1 2011 | +16.5% | — | — | |
| Q4 2010 | -5.4% | — | — | |
| Q2 2010 | -5.4% | — | — | |
| Q3 2010 | +11.6% | — | — | |
| Q1 2010 | +4.0% | — | — | |
| Q2 2009 | +6.2% | — | — | |
| Q4 2007 | +6.2% | — | — | |
| Q4 2009 | +6.2% | — | — | |
| Q3 2008 | -18.8% | — | — | |
| Q1 2009 | -18.8% | — | — | |
| Q3 2009 | -18.8% | — | — | |
| Q4 2008 | -6.9% | — | — |
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