Brief: Crawford Expects To Record Non-Cash Goodwill Impairment Charge In Q4

Crawford & Co

24/01/2020 22:26

Jan 24 (Reuters) - Crawford & Co  CRDb.N :
    * CRAWFORD - EXPECTS TO RECORD NON-CASH GOODWILL IMPAIRMENT
CHARGE
OF BETWEEN $0.24 TO $0.32 PER DILUTED SHARE, IN 2019 Q4
    * CRAWFORD & CO - NON-CASH GOODWILL IMPAIRMENT CHARGE IN Q4
RELATED TO ITS CRAWFORD CLAIMS SOLUTIONS SEGMENT
    * CRAWFORD & CO - EVALUATING RECOVERABILITY OF CERTAIN
DEFERRED
TAX ASSETS
    * CRAWFORD & CO - PRELIMINARY GAAP Q4 REVENUE BEFORE
REIMBURSEMENTS ARE EXPECTED TO BE IN RANGE OF $245.0 MILLION TO
$249.0 MILLION
    * CRAWFORD - PRELIM GAAP Q4 DILUTED LOSS PER SHARE IS
EXPECTED TO
BE IN RANGE OF $0.18 TO LOSS OF $0.22 FOR CRD-A , AFTER NON-CASH
ADJUSTMENTS
    * CRAWFORD - PRELIM GAAP Q4 DILUTED LOSS PER SHARE IS
EXPECTED TO
BE IN RANGE OF $0.20 TO LOSS OF $0.24 FOR CRD-B, AFTER NON-CASH
ADJUSTMENTS
    * CRAWFORD - PRELIM NON-GAAP Q4 OF DILUTED EPS, IS EXPECTED
TO BE
IN RANGE OF $0.12 TO $0.16 FOR CRD-A AND $0.10 TO $0.14 FOR
CRD-B
    * CRAWFORD & CO - LOWER OVERALL CLAIMS VOLUME, DELAYS IN
ONBOARDING OF NEW CLIENT WINS, RESULTED IN LOWER REVENUE THAN CO
ANTICIPATED IN Q4
    * CRAWFORD & CO - CONTINUE TO EXPERIENCE WEATHER-RELATED
CLAIMS
VOLATILITY
    * CRAWFORD & CO - PREDICTING QUARTER-TO-QUARTER PERFORMANCE
OF
BUSINESS IS SOMEWHAT MORE DIFFICULT, BUT WE REMAIN CONFIDENT IN
OUR LONG-TERM OUTLOOK

Source: (https://bit.ly/38DXmYA)
Further company coverage:  CRDb.N 

 ((Reuters.Briefs@thomsonreuters.com;))