CorVel Earnings Reports

CorVel Corporation reported a revenue increase of 13% to $228 million and earnings per share of $0.46 for the quarter ended December 31, 2024.

CorVel Corporation reported a 15% increase in revenue to $224 million and a 17% increase in diluted earnings per share to $1.35 for the quarter ended September 30, 2024. The quarterly results benefited from revenue generated by several large Network Solutions programs launched in previous quarters and the continued strong new sales and operational performance of the Patient Management Segment. The Net Revenue Retention for the quarter was 110%.

CorVel Corporation announced an 11% increase in revenues to $212 million and an increase in earnings per share to $1.25 for the quarter ended June 30, 2024.

CorVel Corporation reported revenues of $207 million for the quarter ended March 31, 2024, an increase from $185 million in the same quarter of the previous year. Earnings per share for the quarter were $1.12, compared to $1.04 in the same quarter of the prior year.

CorVel Corporation reported revenues of $202.3 million for the quarter ended December 31, 2023, an increase from $179.4 million in the same quarter of the prior year. Earnings per share for the quarter were $0.99, compared to $0.96 in the prior year. The company experienced a 34% increase in new business sold and strong customer retention rates.

CorVel Corporation announced revenues of $196 million and earnings per share of $1.15 for the quarter ended September 30, 2023. This represents an increase compared to the same quarter of the previous year, where revenues were $177 million and EPS was $0.83.

CorVel Corporation reported record revenues of $190 million and record earnings per share of $1.14 for the quarter ended June 30, 2023. The company is set to release its first generative AI initiative in the September quarter.

CorVel Corporation announced its Q4 and fiscal year results, with Q4 revenues reaching $185 million, up from $171 million in the same quarter last year. However, earnings per share for the quarter decreased to $1.04 from $1.09 in the prior year. The company is expanding its CERIS operations and investing in AI technologies to improve claims processing and patient experience.

CorVel Corporation reported revenues of $179 million for the quarter ended December 31, 2022, up from $165 million in the same quarter of the previous year. Earnings per share increased to $0.96, compared to $0.76 in the prior year. The company saw record new sales in its Enterprise Comp book of business and continued investments in managed care services.

CorVel Corporation reported an increase in revenue to $177.43 million, compared to $157.74 million in the same quarter of the previous year. However, earnings per share decreased to $0.83, compared to $0.88 in the prior year's quarter.

CorVel Corporation reported revenues of $176.31 million and earnings per share of $0.94 for the quarter ended June 30, 2022. Revenue increased compared to the same quarter of the previous year. The company focused on developing and optimizing systems to enhance team member efficiency and effectiveness.

CorVel Corporation reported revenues of $171 million and earnings per share of $1.09 for the quarter ended March 31, 2022. This represents an increase in both revenue and EPS compared to the same quarter of the prior year. The results were attributed to increased new bookings and improved productivity.

CorVel Corporation reported revenues of $164.51 million and earnings per share of $0.76 for the quarter ended December 31, 2021, compared to revenues of $141.51 million and earnings per share of $0.63 for the same quarter of the previous year. New sales remained robust, and continued investment in payment integrity services created robust growth.

CorVel Corporation reported an increase in revenues and earnings per share for the quarter ended September 30, 2021. Revenues increased to $158 million, and earnings per share rose to 88 cents.

CorVel Corporation announced its Q1 2022 results, with revenues reaching $153 million, an increase from $130 million in the same quarter of the previous year. Earnings per share for the quarter were $0.92, compared to $0.46 in the prior year. The quarter-ending cash balance was $139 million, up $45M from June 30, 2020.

CorVel Corporation reported Q4 2021 revenues of $145.51 million and earnings per share of $0.81. The revenues decreased slightly compared to the same quarter of the previous year, while the earnings per share increased. CERiS experienced significant growth during the quarter.

CorVel Corporation reported earnings for the quarter ended December 31, 2020, with revenues of $141.51 million and earnings per share of 63 cents. The company experienced improved business performance compared to the same quarter in the previous year, driven by operational advancements and increased business development, with record new sales for the calendar year.

CorVel Corporation reported revenues of $136.03 million and earnings per share of $0.65 for the quarter ended September 30, 2020. The company highlighted the strength of its business fundamentals and the accelerated adoption of technology, particularly telehealth, which contributed to improved results.

CorVel Corporation reported earnings per share of 46 cents and revenues of $129.6 million for the quarter ended June 30, 2020. The results reflect the reduction in elective surgeries and general physician care due to the pandemic. The company's quarter-ending cash balance was $94 million, an increase of $11 million from the prior quarter. CorVel expanded virtual care solutions and continued developing its integrated claims management platform.

CorVel Corporation reported a decrease in revenues for the quarter ended March 31, 2020, with revenues of $147 million compared to $151 million in the same quarter of the prior year. Earnings per share were $0.64, slightly up from $0.63 in the prior year's quarter. The company had to make adjustments due to the COVID-19 pandemic, including a reduction in force.

CorVel Corporation reported revenues of $148.09 million for the quarter ended December 31, 2019, representing a 1.4% increase compared to the prior year. However, earnings per share decreased by 7.4% to $0.50.