Crawford & Company Stock Price, News & Analysis

Crawford & Company (NYSE: CRD-A, CRD-B) announced Michelle Jarrard's appointment as non-executive chair of the Board of Directors, effective May 14, 2021. Jarrard, a board member since August 2018, brings substantial experience in innovation and technology. CEO Rohit Verma praised her contributions during her tenure. Jarrard's commitment to diversity and collaboration is highlighted, as she becomes the first woman to chair the Board. Crawford marks its 80th anniversary, focusing on strategic growth amidst pandemic challenges.

Crawford & Company has declared a quarterly dividend of $0.06 per share for both Class A and Class B Common Stock. This dividend will be payable on June 11, 2021, to shareholders of record by the close of business on June 1, 2021. Crawford, based in Atlanta and publicly listed under the symbols CRD-A and CRD-B, is the world's largest independent provider of claims management solutions, catering to clients in over 70 countries.

Crawford & Company (NYSE: CRD-A, CRD-B) reported strong financial results for Q1 2021, with revenues reaching $253.2 million, up from $237.5 million in Q1 2020. Net income attributable to shareholders was $6.1 million, a significant recovery from a loss of $11.4 million year-over-year. Diluted earnings per share increased to $0.11 for both classes of stock, compared to losses in the prior year. The company cites weather-related activities and new business growth as key drivers. However, COVID-19 negatively impacted revenues by $5.0 to $10.0 million.

Crawford & Company (NYSE:CRD-A, CRD-B) will release its earnings for Q1 2021 on May 5, 2021, at 4:15 p.m. ET. A conference call for discussion will follow on May 6, 2021, at 8:30 a.m. ET. Interested parties can access the audio through a toll-free number or via webcast. The company is acknowledged as the largest independent claims management provider globally, operating in over 70 countries. Its Class A shares have enhanced cash dividends compared to Class B shares, impacting shareholder considerations.

Contractor Connection, a division of Crawford & Company, has achieved the J.D. Power certification for providing an outstanding customer service experience for the fifth consecutive year. The certification recognizes the company's commitment to quality service, validated through rigorous evaluation and customer surveys. In 2020, Contractor Connection managed over 500,000 service assignments and facilitated more than $3 billion in projects. With a network of over 6,000 contractors, the company continues to grow, delivering effective managed repair services across multiple countries.

Crawford & Company, a leader in claims management, will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 10:00 a.m. EDT. The presentation will feature President Joseph Blanco and CFO W. Bruce Swain, allowing investors to gain insights into the company's strategies and operations. A live webcast of the event will be available, with a replay and presentation materials accessible post-event on Crawford's investor website. Crawford operates in over 70 countries, providing outsourcing solutions to various industries.

Crawford & Company (NYSE: CRD-A, CRD-B) announced its Q4 2020 results, reporting revenues of $257.4 million, up from $247.2 million in Q4 2019. Net income soared to $9.4 million, reversing a loss of $7.3 million YoY. Diluted EPS was $0.18, compared to a loss in the previous year. Non-GAAP net income was $12.2 million. For the full year, revenue dropped to $982.5 million from $1.006 billion, but net income rose to $28.3 million from $12.5 million. The company also reported significant debt reduction and announced plans to restart its share repurchase program.

Crawford & Company, the largest independent provider of claims management solutions, will release its fourth quarter earnings on March 4, 2021, at 4:15 PM ET. Following this, a conference call will be held on March 5, 2021, at 8:30 AM ET to discuss earnings and other developments. Audio access is available via phone and webcast. The company's stock, listed as CRD-A and CRD-B, offers different voting rights and dividend structures for its two classes of shares. More information is available on their investor website.

Crawford & Company (NYSE: CRD-A, CRD-B) has announced the launch of Asservio, an innovative platform aimed at digitalizing the estimate review process for property claims. This cutting-edge platform enhances accuracy and reduces processing time, potentially leading to significant operational improvements and cost reductions in the insurance and restoration sectors. Asservio will be integrated into existing quality assurance processes and offered as a stand-alone licensing option. The initiative underscores Crawford's commitment to leveraging technology for better claims outcomes.