10-Q - CRAWFORD & CO (0000025475) (Filer)

Mon, May 5, 8:35 PM (17 days ago)

**Crawford & Company (CRD-A, CRD-B) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $323.3 million (up 3.3% YoY) - **Net Income:** $6.7 million (up 145% YoY) - **EPS (Basic):** $0.14 (up 133% YoY) - **Operating Earnings:** $24.1 million (up 20% YoY) - **Cash Flow from Operations:** $(13.9) million (improved from $(19.8) million in Q1 2024) **Profit Margins:** - **Gross Margin:** Not explicitly stated, but implied improvements in operating earnings suggest positive trends. - **Operating Margin:** Approximately 7.5% (based on operating earnings and total revenues). **Cash Flow:** - **Operating Cash Flow:** $(13.9) million (improved from $(19.8) million in Q1 2024). - **Investing Cash Flow:** $(9.1) million (improved from $(9.6) million in Q1 2024). - **Financing Cash Flow:** $25.0 million (up from $16.1 million in Q1 2024). **Earnings Changes:** - **Revenue Growth:** 3.4% YoY (4.9% YoY excluding foreign exchange impacts). - **Operating Earnings Growth:** 20% YoY. **Segment Performance:** - **North America Loss Adjusting:** Revenue up 3.1% YoY, operating earnings up 22.3% YoY. - **International Operations:** Revenue up 6.4% YoY, operating earnings up 104.5% YoY. - **Broadspire:** Revenue up 2.2% YoY, operating earnings down 4.7% YoY. - **Platform Solutions:** Revenue down 1.2% YoY, operating earnings up 162.5% YoY. **Trends & Uncertainties:** - Positive revenue growth trends across most segments. - Improved operating earnings and cash flow from operations. - Foreign exchange impacts and weather-related activities pose uncertainties. **Future Operations Impact:** - Continued focus on integrating acquisitions and improving operational efficiencies. - Potential impacts from foreign tax authority guidance and geopolitical events. - Strategic initiatives to grow revenues and reduce operating expenses.