NYSE$CRD-A
Crawford & Company · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Crawford & Company reported double-digit revenue growth in the second quarter of 2021.
Crawford & Company reported a strong second quarter in 2021, with revenues up 14% and net income doubling compared to the same period last year. The company saw strength across its business segments, driven by rebounding claim volumes and the adoption of digital solutions.
- Revenues before reimbursements increased by 14% to $267.5 million compared to Q2 2020.
- Net income attributable to shareholders doubled to $11.8 million from $5.9 million in the same period last year.
- Diluted earnings per share reached $0.22 for both CRD-A and CRD-B, compared to $0.11 in the prior year.
- Non-GAAP adjusted EBITDA was $29.0 million, or 10.8% of revenues before reimbursements, compared to $25.5 million, or 10.9% of revenues, in the 2020 second quarter.
Headline financials
Revenue & EPS history
Crawford · Revenue · Quarterly
$277M
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
The company anticipates potential headwinds from an uneven COVID-19 global recovery, but sees emerging green shoots for its U.S. TPA business amidst signs of an increasingly robust labor market. The post-pandemic insurance landscape is accelerating the adoption of digital client-centric solutions, bolstering the performance of the Platforms segment.
Tailwinds
- Rebounding claim volumes in TPA and Loss Adjusting.
- Continued growth and transformation in the Platforms business.
- Emerging green shoots for the U.S. TPA business.
- Acceleration of digital client-centric solutions adoption.
- Confidence in enhancing lives and delivering value to stakeholders.
Headwinds
- Potential headwinds from an uneven COVID-19 global recovery.
- Uncertainty regarding the sustainability of the economic recovery.
- Potential material impact from COVID-19 on results of operations, financial condition, and cash flows.
- Possible negative impacts from changes in economic conditions and government responses to COVID-19.
- Potential labor shortages that could increase compensation costs and other expenses.
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 Q2 2021
-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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