Crawford reports Q1 figures

| May 11, 2010 | 0 Comments

Crawford & Company has reported its financial results for the first quarter of 2010.

The firm saw flat consolidated revenues of $236.3m, up just $0.2m compared to the same period last year.

Crawford also achieved exactly the same net income ($3.1m) in Q1 2010 as the firm did in Q1 2009, with diluted earnings per share remaining at $0.06.

However, net income was sharply down compared to the preceding quarter (Q4 2009) when it was recorded at $8.9m.

Chief Executive Officer Jeffrey T. Bowman responded to the results by stating that they reflected the ongoing challenges of the economic environment.

Bowman went on to say that the firm’s performance was slightly better than had been expected, but warned that industrial conditions would remain tough for some time.

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Category: Financials, Insurance News

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