Molina Q1 GAAP EPS $5.52, adjusted $5.81; revenue up; guidance raised

MOLINA HEALTHCARE, INC.

2023-Q1 EPS reported $5.52 revenue$8,149,000,000

GAAP EPS $5.52 vs $4.39 YoY; adjusted EPS $5.81 vs $4.90.
Total revenue $8.15B, up 4.9% YoY; premium revenue $7.885B.
Medical care ratio 87.1% unchanged; G&A ratio improved to 7.2% from 7.4%.
Net income (GAAP) $321M vs $258M; adjusted net income $337M vs $288M.
Full-year 2023 GAAP EPS guidance raised; specific new range not in excerpt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOLINA HEALTHCARE, INC. reported the first quarter ended March 31, 2023 results: revenue $8,149, net income $321, EPS $5.52. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $8,149
Net income: $321
EPS: $5.52
Guidance: raised
Result: reported results

Exact text from the filing

of $5.52 and adjusted earnings per diluted share of $5.81. Quarter ended March 31, 2023 2022 (In millions, except per-share results) Premium Revenue $7,885 $7,531 Total Revenue $8,149 $7,770 GAAP: Net Income $321 $258 EPS – Diluted $5.52 $4.39 Medical Care Ratio (MCR) 87.1 % 87.1 % G&A Ratio 7.2 % 7.4 % After-tax Margin 3.9 % 3.3 % Adjusted: Net Income $337

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Source: SEC EDGAR

accession 0001179929-23-000066

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