Crawford & Company reports Q4 EPS (29c) vs. 3c last year

Reports Q4 revenues before reimbursements of $322.2M vs. $292.9M for the 2021 fourth quarter of last year. Reports diluted loss per share of (29c) for both CRD-A and CRD-B, compared with diluted earnings per share of 3c for both CRD-A and CRD-B in the prior year fourth quarter. "Crawford ended 2022 with a quarter and full year of record-breaking revenues, highlighting the strength of our technology and people-focused strategy. In Platform Solutions and North America Loss Adjusting, we achieved double digit revenue growth and expanded margins in the quarter, driven by the strategic investments we are making in the business. I am especially thankful to our teams that worked against all odds to deliver for our customers during Hurricane Ian, Winter Storm Elliott, the floods in Australia and the winter freeze in the UK. It is times like these that our work is even more meaningful. Broadspire delivered another quarter of solid top-line growth with healthy new business wins and pricing momentum. Our International business remains challenged, however, we have taken specific actions to turn the business around in 2023 and expect to see meaningful improvement in the first half of the year. We are encouraged by the robust growth trajectory going into 2023 and remain focused on ensuring that we deliver on earnings growth and return to healthy margins across the business. We look forward to another successful year ahead; fulfilling our purpose to restore lives, businesses and communities and creating further value for our shareholders," said Rohit Verma, chief executive officer of Crawford & Company.