Crawford & Company reports Q1 EPS 22c, consensus 17c

Reports Q1 revenue before reimbursements $313.0M, consensus $309.01M. "Crawford delivered exceptional first quarter results, growing revenues 12% and nearly doubling operating earnings on a year-over-year basis. We experienced growth and profit expansion across all segments, signifying the strength of our business and solid execution of our stated strategies. Platform Solutions and North America Loss Adjusting both delivered double-digit revenue growth in the quarter. We also saw continued momentum in Broadspire, including encouraging signs of recovery within Medical Management. Our International business continued its turnaround, achieving revenue growth and margin expansion during the quarter. Our disciplined strategy execution along with the hard work of our dedicated team and our clients’ confidence in our products and services has enabled us to deliver these strong results. We feel good about our continued trajectory as we delivered our tenth consecutive quarter of revenue growth. We remain in an enviable financial position and are confident in our ability to deliver long-term value to our shareholders," said Rohit Verma, CEO of Crawford & Company.