Crawford & Company Provides Consolidated Earnings Guidance for the Full Year 2020; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2019
March 05, 2020 at 04:15 pm EST
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Crawford & Company provided consolidated earnings guidance for the full year 2020. For the year 2020, the company expects consolidated revenues before reimbursements between of $1.00 and $1.05 billion. Net income attributable to shareholders of the company between of $37.5 and $42.5 million, or $0.73 to $0.83 diluted earnings per CRD-A share, and $0.65 to $0.75 diluted earnings per CRD-B share. Consolidated operating earnings between of $80.0 and $90.0 million.
For the fourth quarter ended December 31, 2019, the company reported goodwill and intangible asset impairment charges of $17.484 million against $1.056 million a year ago.
Crawford & Company is an independent provider of claims management and outsourcing solutions to carriers, brokers and corporations. Its North America Loss Adjusting segment services the North American property and casualty market, provides claims management services to insurance carriers and self-insured entities related to property and casualty losses. Its International Operations segment provides claims management and adjusting services to insurance carriers and self-insured entities from the property and casualty insurance company markets in the United Kingdom, Europe, Australia, Asia and Latin America. Its Broadspire segment provides third party administration, medical management and technology solutions for workers' compensation, auto and liability, disability and accident claims to corporations, brokers and insurers in the United States. Its Platform Solutions segment provides services to the property and casualty insurance company markets and consumer markets through service.
Crawford & Company Provides Consolidated Earnings Guidance for the Full Year 2020; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2019
CRAWFORD & COMPANY 
