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programid = 164
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Contracts Database

for Property & Casualty

Track the pattern of service adoption by monitoring Property & Casualty contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

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NelsonHall Report

Financial Results

by NelsonHall Analyst

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.

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