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Mar 31, 2023
Molina Q1 2023 Earnings Report
Molina Healthcare reported strong first quarter results, increased full-year earnings guidance, and saw growth in premium revenue and membership.
Key Takeaways
Molina Healthcare reported a strong first quarter in 2023 with GAAP earnings per diluted share of $5.52 and adjusted earnings per diluted share of $5.81. The company's premium revenue increased by 5% compared to the first quarter of 2022, and membership grew by 4%. Molina Healthcare also raised its full-year 2023 adjusted earnings guidance to at least $20.25 per diluted share.
Served approximately 5.3 million members, an increase of 4% compared to the prior year.
Premium revenue was approximately $7.9 billion, an increase of 5% compared to the prior year.
GAAP net income was $5.52 per diluted share, an increase of 26% compared to the prior year.
Adjusted net income was $5.81 per diluted share, an increase of 19% compared to the prior year.
Revenue by Segment
Forward Guidance
The Company increased its full year 2023 adjusted earnings per share guidance to at least $20.25, compared to the previous guidance of at least $19.75 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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