CRAWFORD & CO

For the period ended Jun 30, 2024. Filed Aug 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 5, 2024

CRD-A$11.73+1.7%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements:

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended June 30,
(In thousands, except per share amounts)	2024	2023
Revenues:
Revenues before reimbursements	$314,227	$324,556
Reimbursements	12,626	13,073
Total Revenues	326,853	337,629
Costs and Expenses:
Costs of services provided, before reimbursements	222,265	234,031
Reimbursements	12,626	13,073
Total costs of services	234,891	247,104
Selling, general, and administrative expenses	72,270	70,473
Corporate interest expense, net of interest income of $817 and $660, respectively	4,256	4,309
Total Costs and Expenses	311,417	321,886
Other Loss, net	(2,448)	(2,192)
Income Before Income Taxes	12,988	13,551
Provision for Income Taxes	4,486	5,206
Net Income	8,502	8,345
Net Loss Attributable to Noncontrolling Interests	82	82
Net Income Attributable to Shareholders of Crawford & Company	$8,584	$8,427
Earnings Per Share - Basic:
Class A Common Stock	$0.17	$0.17
Class B Common Stock	$0.17	$0.17
Earnings Per Share - Diluted:
Class A Common Stock	$0.17	$0.17
Class B Common Stock	$0.17	$0.17
Weighted-Average Shares Used to Compute Basic Earnings Per Share:
Class A Common Stock	29,728	28,956
Class B Common Stock	19,374	19,848
Weighted-Average Shares Used to Compute Diluted Earnings Per Share:
Class A Common Stock	30,171	29,770
Class B Common Stock	19,374	19,848

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Six Months Ended June 30,
(In thousands, except per share amounts)	2024	2023
Revenues:
Revenues before reimbursements	$615,881	$640,890
Reimbursements	24,045	24,677
Total Revenues	639,926	665,567
Costs and Expenses:
Costs of services provided, before reimbursements	436,654	461,109
Reimbursements	24,045	24,677
Total costs of services	460,699	485,786
Selling, general, and administrative expenses	149,590	137,184
Corporate interest expense, net of interest income of $1,718 and $936, respectively	7,852	8,708
Total Costs and Expenses	618,141	631,678
Other Loss, net	(4,971)	(4,337)
Income Before Income Taxes	16,814	29,552
Provision for Income Taxes	5,533	10,477
Net Income	11,281	19,075
Net Loss Attributable to Noncontrolling Interests	140	33
Net Income Attributable to Shareholders of Crawford & Company	$11,421	$19,108
Earnings Per Share - Basic:
Class A Common Stock	$0.23	$0.39
Class B Common Stock	$0.23	$0.39
Earnings Per Share - Diluted:
Class A Common Stock	$0.23	$0.39
Class B Common Stock	$0.23	$0.39
Weighted-Average Shares Used to Compute Basic Earnings Per Share:
Class A Common Stock	29,657	28,899
Class B Common Stock	19,458	19,848
Weighted-Average Shares Used to Compute Diluted Earnings Per Share:
Class A Common Stock	30,225	29,456
Class B Common Stock	19,458	19,848

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended June 30,
(In thousands)	2024	2023
Net Income	$8,502	$8,345
Other Comprehensive (Loss) Income:
Net foreign currency translation loss, net of tax of $0 and $0, respectively	(2,115)	(1,984)
Amortization of actuarial losses for retirement plans included in net periodic pension cost, net of tax of $628 and $609, respectively	2,506	2,653
Other Comprehensive Income	391	669
Comprehensive Income	8,893	9,014
Comprehensive loss attributable to noncontrolling interests	81	76
Comprehensive Income Attributable to Shareholders of Crawford & Company	$8,974	$9,090

	Six Months Ended June 30,
(In thousands)	2024	2023
Net Income	$11,281	$19,075
Other Comprehensive (Loss) Income:
Net foreign currency translation (loss) gain, net of tax of $0 and $0, respectively	(916)	5,706
Amortization of actuarial losses for retirement plans included in net periodic pension cost, net of tax of $1,271 and $1,340, respectively	5,065	4,739
Other Comprehensive Income	4,149	10,445
Comprehensive Income	15,430	29,520
Comprehensive loss attributable to noncontrolling interests	204	69
Comprehensive Income Attributable to Shareholders of Crawford & Company	$15,634	$29,589

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.