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null (CRD) delivers technology-enhanced claims management and risk assessment solutions for insurers and corporate clients. This page serves as the definitive source for official company announcements, providing stakeholders with timely updates on operational milestones and strategic initiatives.
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Crawford & Company (NYSE: CRD-A, CRD-B) reported its Q2 2024 results, with revenues before reimbursements at $314.2 million, down from $324.6 million in Q2 2023. Net income attributable to shareholders increased to $8.6 million from $8.4 million last year, with diluted EPS at $0.17 for both share classes, unchanged from Q2 2023. Non-GAAP diluted EPS rose to $0.25 from $0.24. The company added $23 million in new business, with a robust pipeline.
Segment Results:
- North America Loss Adjusting: Revenues of $76 million, slight decline; operating earnings up to $4.9 million.
- International Operations: Revenues up 7.3% to $102.3 million; operating earnings rose to $5.7 million.
- Broadspire: Record revenues of $97.1 million, up 11.3%; operating earnings surged to $15.1 million.
- Platform Solutions: Revenues fell 40.8% to $38.8 million; operating earnings down to $1.5 million.
Company's debt rose to $233.8 million, with cash and equivalents at $46.7 million. Cash used in operations was $8.3 million for H1 2024, versus $27.2 million provided in 2023. No CRD-A shares were repurchased, but 230,861 shares of CRD-B were repurchased for $2.1 million.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced its participation in the 2024 William Blair Insurance, Banking & Wealth Virtual Conference. The company's President and CEO, Rohit Verma, will be a part of the Core Systems InsurTech Panel on Tuesday, August 13, 2024, at 8:45 am ET.
This conference provides a platform for Crawford & Company to showcase its expertise in the insurance industry and discuss the latest trends in InsurTech. The participation of the company's top executive highlights Crawford's commitment to staying at the forefront of technological advancements in the insurance sector.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced a quarterly dividend declaration following its regular board meeting on July 25, 2024. The company will pay $0.07 per share for both Class A and Class B Common Stock. This dividend is payable on August 30, 2024, to shareholders of record as of the close of business on August 12, 2024. This announcement demonstrates Crawford & Company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
Crawford & Company (NYSE: CRD-A and CRD-B) has announced its second quarter 2024 earnings conference call schedule. The company will release its earnings for the quarter ended June 30, 2024, on Monday, August 5, 2024, at 4:15 p.m. Eastern Time. The conference call to discuss quarterly earnings and other developments will be held on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time.
Investors can access the call via audio-only by dialing 1-888-259-6580 (Conference ID: 95332233) or through audio and slide presentation webcast hosted by Q4 Inc. The webcast link and additional financial information will be available on Crawford & Company's investor website at ir.crawco.com.
