Financial Results
published on Nov 09, 2015
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Report Overview:
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.