Daily Insurance Industry News
Daily Insurance Industry News
Sunday 21st of October 2018
May 11, 2010

Crawford reports Q1 figures

by Richard Kilner

Story link: Crawford reports Q1 figures

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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