Crawford & Co-B | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 332.81 M

LB filings
2025.11.03 21:57
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Revenue: As of FY2025 Q3, the actual value is USD 332.81 M, missing the estimate of USD 344.35 M.

EPS: As of FY2025 Q3, the actual value is USD 0.25, missing the estimate of USD 0.27.

EBIT: As of FY2025 Q3, the actual value is USD 28.19 M.

North America Loss Adjusting

  • Revenues before Reimbursements: $76.995 million for Q3 2025, a decrease of 2.9% from Q3 2024. For the nine months ended September 30, 2025, revenues were $234.809 million, a 0.9% increase from the same period in 2024.
  • Operating Earnings: $6.941 million for Q3 2025, representing 9.0% of revenues before reimbursements, up from $5.443 million or 6.9% in Q3 2024. For the nine months ended September 30, 2025, operating earnings were $17.012 million, or 7.2% of revenues before reimbursements.
  • Gross Profit Margin: Increased to 20.9% in Q3 2025 from 18.6% in Q3 2024.

International Operations

  • Revenues before Reimbursements: $112.853 million for Q3 2025, a 6.7% increase from Q3 2024. For the nine months ended September 30, 2025, revenues were $326.317 million, a 6.6% increase from the same period in 2024.
  • Operating Earnings: $7.447 million for Q3 2025, representing 6.6% of revenues before reimbursements, up from $5.136 million or 4.9% in Q3 2024. For the nine months ended September 30, 2025, operating earnings were $18.539 million, or 5.7% of revenues before reimbursements.
  • Gross Profit Margin: Increased to 20.2% in Q3 2025 from 17.5% in Q3 2024.

Broadspire

  • Revenues before Reimbursements: $103.401 million for Q3 2025, a 4.4% increase from Q3 2024. For the nine months ended September 30, 2025, revenues were $300.402 million, a 3.4% increase from the same period in 2024.
  • Operating Earnings: $15.565 million for Q3 2025, representing 15.1% of revenues before reimbursements, up from $14.402 million or 14.5% in Q3 2024. For the nine months ended September 30, 2025, operating earnings were $41.420 million, or 13.8% of revenues before reimbursements.
  • Gross Profit Margin: Increased to 26.6% in Q3 2025 from 25.9% in Q3 2024.

Platform Solutions

  • Revenues before Reimbursements: $28.922 million for Q3 2025, a decrease of 36.1% from Q3 2024. For the nine months ended September 30, 2025, revenues were $95.672 million, a 17.5% decrease from the same period in 2024.
  • Operating Earnings: $2.584 million for Q3 2025, representing 8.9% of revenues before reimbursements, down from $3.833 million or 8.5% in Q3 2024. For the nine months ended September 30, 2025, operating earnings were $8.643 million, or 9.0% of revenues before reimbursements.
  • Gross Profit Margin: Decreased to 25.0% in Q3 2025 from 21.5% in Q3 2024.

Outlook

The company anticipates continued growth in its core segments, with a focus on improving operational efficiencies and expanding its client base. The strategic transfer of inspection services to North America Loss Adjusting is expected to enhance segment performance. The company remains vigilant of foreign exchange impacts and aims to mitigate these through strategic pricing and service diversification.

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