CorVel Q1 FY24 revenue $190M record; EPS $1.14 record, up from $0.94 YoY

CORVEL CORP

2023-Q1 EPS reported $1.14 revenue$190,253,000

Revenue of $190M (record) vs $176M in prior-year quarter, up ~8% YoY.
Diluted EPS of $1.14 (record) vs $0.94 in same quarter last year, up ~21% YoY.
Company to release first generative AI initiative in September quarter to automate tasks and provide decision support.
Workers' Compensation operations improved due to operational efficiencies; staffing and claim volume alignment.
Symbeo provides supplier onboarding and fraud detection for payables amid rising M&A-related fraud risk.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CORVEL CORP reported the quarter ended June 30, 2023 results: revenue $190 million, EPS $1.14.

Period: the quarter ended June 30, 2023
Revenue: $190 million
EPS: $1.14
Result: reported results

Exact text from the filing

Earnings FORT WORTH, Texas, August 1, 2023 — CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended June 30, 2023. Revenues for the quarter were a record $190 million, an increase from $176 million in the same quarter of the previous year. Earnings per share for the quarter were also a record $1.14, compared to $0.94 in the same quarter of the

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Source: SEC EDGAR

accession 0000950170-23-036073

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