secwatch.observer — SEC 8-K summary
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Issuer:     CVS HEALTH Corp (CVS)
CIK:        0000064803
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000064803-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVS Health Q1 revenue up 11% to $85.3B; EPS falls; guidance cut; closes Signify & Oak Street
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- Total revenues $85.3B (+11% YoY); GAAP diluted EPS $1.65 (down from $1.77); Adjusted EPS $2.20 (down from $2.30).
- Full-year GAAP EPS guidance cut to $6.90-$7.12 from $7.73-$7.93; Adjusted EPS cut to $8.50-$8.70 from $8.70-$8.90.
- Completed Signify Health acquisition ($7.8B) on Mar 29 and Oak Street Health ($10.6B) on May 2; total ~$18.4B.
- Cash flow from operations $7.4B in Q1; reaffirmed full-year CF guidance $12.5-$13.5B.
- Returned $779M to shareholders via dividends and repurchased 22.8M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64803/000006480323000015/0000064803-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64803/000006480323000015/cvs-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000064803-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer