Revenue Performance - Revenues before reimbursements increased 17% to 296.1 million in Q4 2023[2] - Full year revenues before reimbursements reached a record 1.267 billion in 2023[3] - Total revenues for Q4 2024 reached 296,121 in Q4 2023[32] - Total revenues for the three months ended December 31, 2024, increased by 16% to 309,165,000 in the same period of 2023[41] - Total revenues for the year ended December 31, 2024, were 1,316,919,000 in 2023[43] Net Income and Earnings - Fourth quarter net income was (0.8) million in the prior year quarter[2] - Net income attributable to shareholders for Q4 2024 was 818 in Q4 2023[33] - Net income for the three months ended December 31, 2024, was 989,000 in the same period of 2023[41] - Net income attributable to shareholders for the year ended December 31, 2024, was 30,609,000 in 2023[43] Earnings Per Share - The diluted earnings per share for Q4 2024 was 0.02 in Q4 2023[34] - Basic earnings per share for Class A and Class B Common Stock were both 0.02 in the same period of 2023, representing a 700% increase[41] - Basic earnings per share for Class A and Class B Common Stock decreased by 14% to 0.63 in 2023[43] Operating Performance - Consolidated operating earnings for Q4 2024 were 7,750 in Q4 2023, representing a growth of 142.5%[33] - International operations generated 2,207 in Q4 2023, reflecting a growth of 284.5%[33] - Operating earnings for North America reached 752 million in 2023[48] - Operating earnings for international operations surged to 2,207 million in 2023[48] Cash Flow and Debt - Cash provided by operations decreased to 103.8 million in 2023, primarily due to a decrease in accounts receivable[23] - Free cash flow for the year ended December 31, 2024, was 67,194 in 2023[33] - The company's total debt outstanding increased to 209.1 million at the end of 2023[22] Assets and Liabilities - Cash and cash equivalents as of December 31, 2024, were 58,363,000 as of December 31, 2023[45] - Total assets increased to 799,199,000 as of December 31, 2023[45] - Total liabilities remained relatively stable at 659,368,000 as of December 31, 2023[45] Segment Performance - North America Loss Adjusting revenues before reimbursements were 69.7 million in Q4 2023[6] - International Operations revenues before reimbursements were 97.2 million in Q4 2023[9] - Broadspire segment revenues before reimbursements reached a new annual record of 355.7 million in 2023[13] - Platform Solutions revenues before reimbursements were 37.2 million in Q4 2023[14] Expense Management - Direct compensation, fringe benefits, and non-employee labor costs in North America rose to 52,224 million in 2023[48] - Total operating expenses for North America were 68,932 million in 2023[48] - Total operating expenses for international operations increased to 94,945 million in 2023[48]
Crawford(CRD_B) - 2024 Q4 - Annual Results