NYSE$CRD-A
Crawford & Company · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Crawford & Company reported strong Q3 2020 results, driven by weather-related claims and strategic business activities.
Crawford & Company reported increased net income and diluted earnings per share for the third quarter of 2020 compared to the same period in 2019. The company's performance was bolstered by weather-related claims and strategic business decisions, including acquisitions and dispositions. Non-GAAP measures also showed improvement, with adjusted operating earnings and EBITDA increasing.
- Crawford delivered strong third quarter 2020 results that grew sequentially from the second quarter and exceeded third quarter 2019 results.
- Results were driven by the strength of the core business and further propelled by the surge in weather-related activity in the U.S.
- Expanded profitability, driving non-GAAP operating earnings to $28.2 million during the quarter.
- Financial position remains very healthy, with operating cash flow up 35% over the prior year-to-date period and net debt at the lowest level since 2013.
Headline financials
Revenue & EPS history
Crawford · Revenue · Quarterly
$262M
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 expects the ongoing global economic slowdown resulting from COVID-19 could have a material impact to its results of operations, financial condition and cash flow in one or more future quarters.
Headwinds
- COVID-19 negatively impacted its revenues in the range of $21.0 to $25.0 million for the three months ended September 30, 2020
- The Company expects the ongoing global economic slowdown resulting from COVID-19 could have a material impact to its results of operations, financial condition and cash flow in one or more future quarters.
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 Q3 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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