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Crawford & Company's (CRD.B) CEO Harsha Agadi on Q4 2017 Results - Earnings Call Transcript

Mar. 08, 2018 2:56 PM ETCrawford & Company (CRD.B)
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Crawford & Company (NYSE:CRD.B) Q4 2017 Earnings Conference Call March 8, 2018 8:30 AM ET


Joseph Blanco – General Counsel

Harsha Agadi – President and Chief Executive Officer

Bruce Swain – Chief Financial Officer


Jack Wang – Raymond James

Katelyn Young – William Blair

Mark Hughes – SunTrust


Good morning. My name is Angela, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Crawford & Company Fourth Quarter 2017 Earnings Release Conference Call. In conjunction with this call, a supplementary financial presentation is available on our website at www.crawfordandcompany.com under the Investor Relations section. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. Instructions will follow at that time. [Operator Instructions] As a reminder, ladies and gentlemen, this conference is being recorded today, Thursday, March 8, 2018.

Now I would like to introduce Joseph Blanco, Crawford & Company’s General Counsel.

Joseph Blanco

Good morning. Some of the matters to be discussed in this conference call and in the supplementary financial presentation may include forward-looking statements that involve risks and uncertainties. These statements may relate to, among other things, our expected future operating results and financial condition; our ability to grow our revenues and reduce our operating expenses; expectations regarding our anticipated contributions to our underfunded defined benefit and pension plans; collectability of our billed and unbilled accounts receivable; financial results from our recently completed acquisitions; our continued compliance with the financial and other covenants contained in our financing agreements; expectations regarding the timing, cost and synergies from our global business and technology service centers; our other long-term capital resource and liquidity requirements; and our ability to pay dividends in the future.

The Company’s actual

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