Q2 2025 Crawford & Co Earnings Call Transcript
Key Points
- Consolidated revenue grew by 2.8% year-over-year, with significant contributions from North America Loss Adjusting, International Operations, and Broadspire.
- Broadspire achieved record quarterly revenues, reflecting strong client retention and new business wins.
- International Operations posted a 6.6% revenue increase, driven by strong performance in the UK, Europe, and Asia.
- The company increased its quarterly dividend to $0.075 per share for both CRD-A and CRD-B, reflecting confidence in future growth.
- Crawford & Co (CRD.A) maintains a strong balance sheet with a steady leverage ratio of 1.75x EBITDA, providing financial flexibility.
- North America Loss Adjusting experienced a year-over-year decrease in operating earnings due to lower US property claims activity.
- Platform Solutions saw a 9.2% decline in revenues, primarily due to a pullback in claims outsourcing from a key client.
- GAAP net income attributable to shareholders decreased to $7.8 million from $8.6 million in the same period of 2024.
- Non-GAAP diluted EPS decreased to $0.22 from $0.25 in the prior year period.
- Operating earnings in Broadspire decreased year-over-year due to strategic headcount additions and technology investments.
Good morning. My name is Angeline, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Crawford & Company second 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 reminder, ladies and gentlemen, this conference is being recorded today, Tuesday, August 5, 2025.
Now I would like to introduce Tami Stevenson, Crawford & Company's General Counsel. Please go ahead.
Thank you, Angeline. 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
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