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Dec 31, 2023
CorVel Q3 2024 Earnings Report
CorVel's Q3 2024 earnings were announced, demonstrating revenue growth and increased earnings per share.
Key Takeaways
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.
Revenues for the quarter increased to $202.3 million, up from $179.4 million in the prior year.
Earnings per share rose to $0.99, compared to $0.96 in the same quarter last year.
New business sales increased by 34% year-over-year.
Customer retention remained strong, with a Gross Revenue Retention rate of 95% and a Net Revenue Retention rate of 108%.
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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