Quarterly ResultMay 4, 2026, 05:28 PM
Crawford & Company Q1 Revenue Down 1% to $309.5M; EPS $0.10
AI Summary
Crawford & Company reported a 1% decrease in Q1 2026 revenues to $309.5 million, with net income falling 27% to $4.9 million and diluted EPS at $0.10. The U.S. Property & Casualty segment saw an 11.3% revenue decline due to lower claims activity, while International Operations grew 4.5%. The company repurchased 468,314 CRD-A shares and 59,555 CRD-B shares and increased its quarterly dividend to $0.075 per share. Management noted a mixed environment with tempered International Operations growth by lower U.S. claims activity.
Key Highlights
- Q1 2026 revenues before reimbursements decreased 1% to $309.5 million.
- Net income attributable to shareholders fell 27% to $4.9 million.
- Diluted earnings per share (CRD-A & CRD-B) decreased 23% to $0.10.
- U.S. Property & Casualty revenues declined 11.3% to $72.9 million.
- Broadspire revenues increased 1.0% to $104.8 million.
- International Operations revenues grew 4.5% to $131.9 million.
- Cash provided by operations was $3.3 million, an improvement from $13.9 million used in Q1 2025.
- Repurchased 468,314 CRD-A shares and 59,555 CRD-B shares in Q1 2026.
- Paid a quarterly dividend of $0.075 per share, up 7% YoY.