Crawford & Company (CRD.A) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Crawford & Company.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.997 Was that just an incremental 00:00:03.997 -- 00:00:10.287 flow through from weather claims? Was there a GTS impact there as well? 00:00:10.287 -- 00:00:15.375 International, as you know, has been an important push for us from both 00:00:15.375 -- 00:00:19.589 growth as well as profitability perspective, the main focus being on profitability. 00:00:19.589 -- 00:00:24.735 There was definitely weather. In Q3, we saw weather in Australia, we saw weather 00:00:24.735 -- 00:00:28.439 in UK, and then we had seen weather in Europe in the earlier part of the year. 00:00:28.439 -- 00:00:32.083 That is still sort of flowing through the system. 00:00:32.083 -- 00:00:37.128 Again, our target is to get international to a 10% margin in 00:00:37.128 -- 00:00:38.650 the 00:00:38.650 -- 00:00:41.613 medium to long term, and that is the journey we're on. 00:00:41.613 -- 00:00:45.340 As we've shared with you before, we will see probably quarterly fluctuations. 00:00:45.340 -- 00:00:49.947 because of weather and other cyclicality reasons in our business, but our trend is to 00:00:49.947 -- 00:00:52.851 keep moving international up. 00:00:52.851 -- 00:00:57.858 Yeah. And then any more you can say about the business pipeline and Broad Spire? 00:00:57.858 -- 00:01:02.865 Is this your sales initiative? Is there just a little 00:01:02.865 -- 00:01:05.749 more movement in the market? 00:01:05.749 -- 00:01:08.813 What is contributing to that? 00:01:08.813 -- 00:01:14.078 You know, we had actually seen a slowdown in the RFP activity in the Q2. 00:01:14.078 -- 00:01:16.540 We've kind of seen that pick back up in Q3. 00:01:16.540 -- 00:01:21.384 As you know, the sales cycles on this business are long, but we've been growing at a 00:01:21.384 -- 00:01:25.148 nice...