Crawford & Company has reported that its second quarter 2012 consolidated revenues before reimbursements summed up to $293.8m, with an increase of 1% from $291.7m during the year ago period.
Second quarter 2012 net income attributable to Crawford & Company was $10.4m, with a decrease of $3.1m from $13.5m during the same period earlier year.
For the quarter period ended 30 June 2012, its diluted earnings per share were $0.19 for CRDA and $0.18 for CRDB, against each class of $0.25 in the prior-year quarter.
The difference in earnings per share between CRDA and CRDB for the 2012 second quarter and year-to-date period is due to the payment of a higher per share dividend on CRDA than CRDB.
For the latest quarter period, the firm sustained pretax special charges of nearly $1.6m, or $0.02 per share of CRDA and CRDB after related income taxes, related to a project to outsource certain aspects of its US technology infrastructure.
Americas segment’s revenues before reimbursements were $77.6m in the second quarter of 2012, decreasing 19% from $95.7m in the 2011 second quarter, while the EMEA/AP segment increased 8% to $93.8m from $87.3m.
Revenues before reimbursements from the Broadspire segment were $60.0m in the 2012 second quarter, an increase of 4% from $57.9m in the 2011 second quarter, while Legal Settlement Administration’s revenues before reimbursements were $62.5m in the 2012 second quarter, compared with $50.8m.
Crawford offers claims management solutions to insurance companies and self-insured entities.