NYSE$CRD-A

Crawford & Company · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Crawford & Company reported consistent consolidated third quarter revenues with growth in core non-weather-dependent businesses. Broadspire achieved a new quarterly revenue record and International Operations demonstrated revenue growth and margin expansion.

Crawford & Company's third quarter 2024 results showed consistent consolidated revenues compared to the previous year. Broadspire achieved a new quarterly revenue record, while International Operations experienced revenue growth and margin expansion. The North America Loss Adjusting and Platform Solutions segments were impacted by a benign weather environment.

  • Consolidated third quarter revenues were consistent with the previous year.
  • Broadspire achieved a new quarterly revenue record.
  • International Operations demonstrated revenue growth and margin expansion.
  • Benign weather conditions impacted growth in North America Loss Adjusting and Platform Solutions segments.

Headline financials

Total Revenue

$343M

Previous: $338M+1.5%
EPS (adj)

$0.22

Previous: $0.36-38.9%
Capital Expenditures

-$2.99M

Previous: -$3.36M+11.0%
Free Cash Flow

$6.46M

Previous: $8.96M-27.9%
Net Income

$9.45M

Previous: $12.3M-23.3%
Operating Income

-$321M

Previous: -$312M-2.8%
Gross Profit

$93.4M

Previous: $95.6M-2.3%
Cash & Equivalents

$52.3M

Previous: $49.2M+6.4%
Total Assets

$801M

Previous: $827M-3.2%

Revenue & EPS history

Crawford · Revenue · Quarterly

$343M

Q3 2024+1.5%vs Q3 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

The company expects to see activity related to Hurricane Helene and Hurricane Milton reflected in its fourth quarter performance and remains focused on delivering sustainable growth, winning new customers, establishing strategic partnerships and delivering operational excellence.

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 2024

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro