Crawford & Company provided consolidated preliminary earnings guidance for the fourth quarter and full year ended December 31, 2019. For the quarter, the company expects revenues before reimbursements are expected to be in the range of $245.0 million to $249.0 million; net loss attributable to shareholders is expected to be in the range of ($10.0) million to ($12.0) million, after the non-cash adjustments described above; and, diluted loss per share is expected to be in the range of ($0.18) to ($0.22) for CRD-A and ($0.20) to ($0.24) for CRD-B, after the non-cash adjustments described above. The company expects consolidated operating earnings of $17 million.

For the year 2019, the company expects consolidated revenues before reimbursements between $1.00 and $1.01 billion; net income attributable to shareholders of Crawford & Company between $5.0 and $13.0 million, or $0.12 to $0.27 diluted earnings per CRD-A share, and $0.05 to $0.20 diluted earnings per CRD-B share; consolidated operating earnings between $75.0 and $78.0 million.

The company also announced it expects to record a non-cash goodwill impairment charge of between $13.0 million and $17.0 million, or $0.24 to $0.32 per diluted share, in the 2019 fourth quarter related to its Crawford Claims Solutions segment.