Q1 2025 Crawford & Co Earnings Call Transcript
Key Points
- Crawford & Co (CRD.A) reported a 3.4% year-over-year growth in consolidated revenue, with a 5% growth in constant currency.
- The company achieved a $5.7 million increase in operating earnings year-over-year, driven by improved profitability in North America Loss Adjusting, International Operations, and Platform Solutions.
- Crawford & Co (CRD.A) maintained a low leverage ratio of 1.9x EBITDA, providing flexibility for strategic investments.
- The company declared a quarterly dividend of $0.07 per share for CRD-A and CRD-B, reflecting a solid financial foundation.
- International operations delivered impressive growth with first-quarter revenues growing 6% year-over-year, or 9% on a constant currency basis.
- Platform Solutions reported a slight year-over-year revenue decline, despite an increase in operating earnings.
- Operating cash flow for the first quarter of 2025 was negative, with free cash flow at negative $23.2 million.
- Total debt outstanding increased to $246.6 million as of March 31, 2025, up from $218.1 million at the end of 2024.
- The company did not repurchase any shares of CRD-A or CRD-B during the first quarter of 2025.
- There is a hypothesis of underreporting of claims due to higher deductibles and macroeconomic headwinds, potentially impacting future revenues.
Good morning. My name is John, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Crawford & Company first-quarter 2025 earnings release conference call. In conjunction with this call, a supplementary financial presentation is available on our website at www.crawco.com under the Investor Relations section. (Operator Instructions) As a remainder, ladies and gentlemen, this conference is being recorded today, Tuesday, May 6, 2025.
Now, I would like to introduce Tami Stevenson, Crawford & Company's General Counsel. Please go ahead.
Thank you, John. Some of the matters to be discussed in this conference call and in the supplementary financial presentation may include forward-looking statements that involve risks and uncertainties. These statements may relate to, among other things, our expected future operating results and financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
