Company: CRD-A
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000950170-25-063584
Chunk: 0

Company: CRAWFORD & CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CRAWFORD & COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Unaudited

     Three Months Ended March 31,

     (In thousands, except per share amounts)
      
     2025

     2024

     Revenues:

     Revenues before reimbursements
      
     $
     312,032

     $
     301,654

     Reimbursements

     11,307

     11,419

     Total Revenues

     323,339

     313,073

     Costs and Expenses:

     Costs of services provided, before reimbursements

     221,893

     214,389

     Reimbursements

     11,307

     11,419

     Total costs of services

     233,200

     225,808

     Selling, general, and administrative expenses

     74,587

     77,320

     Corporate interest expense, net of interest income of $827 and $901, respectively

     3,944

     3,596

     Total Costs and Expenses

     311,731

     306,724

     Other Loss, net

     (2,388
     )

     (2,523
     )

     Income Before Income Taxes

     9,220

     3,826

     Provision for Income Taxes

     2,480

     1,047

     Net Income

     6,740

     2,779

     Net (Income) Loss Attributable to Noncontrolling Interests

     (56
     )

     58

     Net Income Attributable to Shareholders of Crawford & Company
      
     $
     6,684

     $
     2,837

     Earnings Per Share - Basic:

     Class A Common Stock
      
     $
     0.14

     $
     0.06

     Class B Common Stock
      
     $
     0.14

     $
     0.06

     Earnings Per Share - Diluted:

     Class A Common Stock
      
     $
     0.13

     $
     0.06

     Class B Common Stock
      
     $
     0.13

     $
     0.06

     Weighted-Average Shares Used to Compute Basic Earnings Per Share:

     Class