NYSE$CRD-A

Crawford & Company · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Crawford & Company reported first quarter results with double-digit revenue growth.

Crawford & Company's revenues increased by 10% compared to the prior year period, marking the fourth consecutive quarter of double-digit revenue growth. The company experienced growth in all of its businesses, with particular strength in North America Loss Adjusting and Platform Solutions. The company also repurchased approximately 2.2 million shares in the quarter.

  • Revenues before reimbursements increased by 10% to $279.0 million compared to $253.2 million for the 2021 first quarter.
  • Net income attributable to shareholders was $5.1 million, compared to $6.1 million in the same period last year.
  • Diluted earnings per share was $0.10 for both CRD-A and CRD-B, compared with $0.11 for both CRD-A and CRD-B in the prior year first quarter.
  • Consolidated adjusted EBITDA was $21.9 million, or 7.8% of revenues before reimbursements, compared with $22.2 million, or 8.8% of revenues, in the 2021 first quarter.

Headline financials

Total Revenue

$288M

Previous: $262M+9.8%
EPS (adj)

$0.15

Previous: $0.15+0.0%
Adjusted EBITDA

$21.9M

Previous: $22.2M-1.4%
Operating Margin

4.7%

No prior period
Capital Expenditures

-$1.34M

Previous: -$618K-116.8%
Free Cash Flow

$3.76M

Previous: $5.45M-31.0%
Net Income

$5.1M

Previous: $6.06M-16.0%
Operating Income

-$277M

Previous: -$253M-9.7%
Gross Profit

$73.4M

Previous: $68M+8.0%
Cash & Equivalents

$49.2M

Previous: $42.7M+15.1%
Total Assets

$846M

Previous: $773M+9.4%

Revenue & EPS history

Crawford · Revenue · Quarterly

$288M

Q1 2022+9.8%vs Q1 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Crawford · $279M total across 4 segments · Q1 2022

  • International Operations
    $89.3M
  • Broadspire
    $76.5M
  • North America Loss Adjusting
    $64.4M
  • Platform Solutions
    $48.9M+15.2%

Forward guidance

Crawford & Company did not provide specific forward guidance in this earnings report.

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 2022

Historical avgQ1 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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