NYSE$CRD-A

Crawford & Company · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Crawford & Company reported second quarter results, showing a diversified revenue model and strategic growth yielding results.

Crawford & Company reported revenues of $314.2 million and net income of $8.6 million for the second quarter of 2024. Despite a difficult comparison to the previous year due to weather events, three of the four business segments showed operating earnings growth with improved margins.

  • Added $23 million in new and enhanced business in the quarter.
  • Broadspire achieved strong revenue growth and margin improvement, resulting in another record quarter.
  • International Operations segment showed continued improvement over the prior year period.
  • North American Loss Adjusting business achieved improved margin performance and consistent revenues quarter over quarter.

Headline financials

Total Revenue

$327M

Previous: $334M-2.1%
EPS

$0.17

Previous: $0.24-29.2%
Adjusted EBITDA

$30.6M

Previous: $31.5M-2.9%
Capital Expenditures

-$1.42M

Previous: -$1.91M+25.9%
Free Cash Flow

$7.17M

Previous: $6.51M+10.0%
Net Income

$8.58M

Previous: $8.43M+1.9%
Operating Income

-$307M

Previous: -$314M+2.1%
Gross Profit

$92M

Previous: $86.6M+6.2%
Cash & Equivalents

$46.7M

Previous: $47.5M-1.6%
Total Assets

$786M

Previous: $822M-4.4%

Revenue & EPS history

Crawford · Revenue · Quarterly

$327M

Q2 2024-2.1%vs Q2 2023
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Crawford · $326M total across 4 segments · Q3 2023

  • International Operations
    $98.1M+13.9%
  • Broadspire
    $88.3M+12.7%
  • North America Loss Adjusting
    $79.4M+18.8%
  • Platform Solutions
    $59.8M-6.0%

Forward guidance

As we move through the back half of 2024, I am optimistic about the overall direction of the Company and believe we are well-positioned to drive enhanced value for customers and shareholders.

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 2024

Historical avgQ2 2024

-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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