Quarterly ResultAug 3, 2026, 04:24 PM
Crawford & Co Q2 Net Income Up 73%; Dividend Raised to $0.08
AI Summary
Crawford & Company reported strong financial results for the second quarter of 2026, with net income increasing 73% to $13.4 million and diluted EPS rising significantly. Revenues before reimbursements saw a slight decrease to $321.4 million. The company's Board of Directors approved an increase in the quarterly dividend to $0.08 per share, reflecting consistent profitability and strong cash generation. Performance was driven by international operations and Broadspire, alongside new business wins and an active share repurchase program.
Key Highlights
- Q2 2026 net income was $13.4 million, up 73% from $7.8 million in Q2 2025.
- Q2 2026 diluted EPS was $0.27 for CRD-A and $0.28 for CRD-B, up 69% and 75% respectively.
- Revenues before reimbursements decreased slightly to $321.4 million in Q2 2026 from $323.0 million in Q2 2025.
- Quarterly dividend increased to $0.08 per share.
- Q2 2026 consolidated adjusted operating earnings increased 34% to $29.4 million.
- Q2 2026 consolidated adjusted EBITDA increased 20% to $37.6 million.
- Cash provided by operating activities was $23.1 million for the first six months of 2026, up from $21.1 million in 2025.
- Repurchased 763,577 shares of CRD-A and 97,940 shares of CRD-B in the first six months of 2026.
Price Impact
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