Crawford & Company Reports 2025 Second Quarter Results
Wednesday, August 6th, 2025
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Crawford & Company® (NYSE: CRD-A and CRD-B), is pleased to announce its financial results for the second quarter ended June 30, 2025.
Revenues before reimbursements increased 3% to $323.0 million in the 2025 second quarter from $314.2 million in the 2024 second quarter. Second quarter net income was $7.8 million, or $0.16 per diluted share for CRD-A and CRD-B, compared to $8.6 million, or $0.17 per diluted share for CRD-A and CRD-B in the prior year quarter.
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GAAP Consolidated Results |
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|
|
Three Months Ended |
|
Six Months Ended |
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|
(in millions, except per share amounts) |
2025 |
2024 |
Change |
|
2025 |
2024 |
Change |
|
Revenues before reimbursements |
$323.0 |
$314.2 |
3% |
|
$635.0 |
$615.9 |
3% |
|
Net income attributable to shareholders |
7.8 |
8.6 |
(9)% |
|
14.5 |
11.4 |
27% |
|
Diluted earnings per share CRD-A |
0.16 |
0.17 |
(6)% |
|
0.29 |
0.23 |
26% |
|
Diluted earnings per share CRD-B |
0.16 |
0.17 |
(6)% |
|
0.29 |
0.23 |
26% |
|
Non-GAAP Consolidated Results |
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|
Three Months Ended |
|
Six Months Ended |
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|
(in millions, except per share amounts) |
2025 |
2024 |
Change |
|
2025 |
2024 |
Change |
|
Revenues before reimbursements |
$323.5 |
$314.2 |
3% |
|
$640.0 |
$615.9 |
4% |
|
Consolidated adjusted operating earnings |
22.0 |
22.1 |
(0)% |
|
39.8 |
34.1 |
17% |
|
Consolidated adjusted EBITDA |
31.4 |
30.6 |
3% |
|
58.3 |
51.2 |
14% |
|
Non-GAAP net income attributable to shareholders |
11.2 |
12.4 |
(10)% |
|
21.5 |
18.9 |
14% |
|
Non-GAAP diluted earnings per share CRD-A |
0.22 |
0.25 |
(12)% |
|
0.43 |
0.38 |
13% |
|
Non-GAAP diluted earnings per share CRD-B |
0.22 |
0.25 |
(12)% |
|
0.43 |
0.38 |
13% |
Mr. Rohit Verma, president and chief executive officer of Crawford & Company, commented, "Overall, we are pleased with our progress to date in 2025. Our second quarter performance was highlighted by consolidated revenue growth driven by increased revenue at three of our four operating segments. We continue to contend with lower claims frequency in U.S. property, which put some revenue pressure on the North America Loss Adjusting and Platform Solutions businesses. Consolidated operating margin of 6.8% was down slightly year over year but improved sequentially from the first quarter. We increased our quarterly dividend to $0.075 reflecting progress and confidence in our margin trajectory."
