secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001071739-24-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene Q1 adjusted EPS $2.26 beats; raises FY2024 guidance to >$6.80
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- GAAP diluted EPS $2.16; adjusted diluted EPS $2.26 (+7% YoY); premium & service revenues $36.3B (+4% YoY).
- Marketplace membership up 41% YoY to 4.35M; total Medicaid membership down 18.5% YoY due to redeterminations.
- Raises FY2024 adjusted diluted EPS guidance by $0.10 to >$6.80; premium & service revenue guidance up $1.0B to $135.5-138.5B.
- Q1 cash flow used in operations $456M; repurchased $51M in Q1 and $200M in April; $5.0B remaining buyback authorization.
- Oklahoma Complete Health started SoonerSelect contracts; Florida intends award to Sunshine Health; Michigan selects Meridian.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000098/0001071739-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000098/cnc-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001071739-24-000098

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