Crawford & Company Q3 net income rises 21% to $15.0 million; revenue slips slightly
Crawford & Company reported third-quarter 2026 revenues before reimbursements of $321.6 million, down slightly from $322.2 million a year earlier, while GAAP net income rose 21% to $15.0 million, or $0.31 per diluted share. CEO Bruce Swain said lower claims frequency and moderating weather-related activity are expected to pressure fourth-quarter results, which matters to shareholders because the company gave no numeric outlook in the filing.
Key points
- Revenues before reimbursements were $321.6 million versus $322.2 million in the third quarter of 2025.
- GAAP net income was $15.0 million, or $0.31 per diluted share, versus $12.4 million, or $0.25, a year earlier.
- Non-GAAP diluted EPS was $0.37 versus $0.32; management expects fourth-quarter pressure from lower claims frequency and moderating weather activity.
- Operating cash flow was $29.0 million for the first nine months of 2026, down from $51.7 million; total debt rose to $225.1 million from $189.1 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.