CorVel Q1 revenue rises 11% to $235 mln, EPS up 24%

Overview

• CorVel fiscal Q1 rev grows 11% yr/yr to $235 mln

• Diluted EPS for fiscal Q1 rises 24% yr/yr to $0.52

• Company acquires assets to enhance CERIS group health division

Outlook

• Company expects acquisition to be accretive to growth over medium term

• Company aims to enhance CERIS division capabilities with new assets

Result Drivers

• INNOVATION INITIATIVES - CorVel attributes quarterly results to disciplined execution and focus on long-term strategy, including innovation initiatives

• OPERATIONAL ENHANCEMENTS - Strengthened operational capabilities and improved customer outcomes contributed to performance

Key Details

Press Release: ID:nGNX5vKfdC