Report Outline:

Crawford & Company has announced results for Q3 2015, the period ending September 30, 2015:

• Revenue was $293.3m, down 0.2% y/y
• EBIT was $7.3m, a 2.5% margin, down 413 basis points y/y.

Q3 2015 revenues (and y/y revenue growth) by service line were:

• Americas: $92.0m (-0.2%)
• EMEA/AP: $98.3m (+14.0%)
• Broadspire: $74.2m (+8.8%)
• Legal Settlement Administration: $28.8m (-39.0%).

Q3 2015 operating margin (and y/y change) by segment was:

• Americas: 13.2%,  up 559 bps
• EMEA/AP: 6.8%, up 187 bps
• Broadspire: 10.0%, up 353 bps
• Legal Settlement Administration: 4.0%, down 1228 bps.

Crawford & Company has revised its prior guidance for full year 2015 to:

• Revenues before reimbursements in the range of $1.15bn to $1.17bn
• Operating earnings in the range of $60m to $65m.