Molina Q1 GAAP EPS $5.17, adjusted $5.73; revenue rises to $9.93B; reaffirms FY2024 guidance

MOLINA HEALTHCARE, INC.

2024-Q1 EPS reported $5.17 revenue$9,931,000,000

Q1 GAAP EPS $5.17 vs $5.52 YoY; adjusted EPS $5.73 vs $5.81.
Total revenue $9.93B (+22% YoY) driven by premium revenue of $9.50B.
Medical care ratio 88.5%, up from 87.1% YoY; G&A ratio stable at 7.2%.
GAAP net income $301M vs $321M; adjusted net income $334M vs $337M.
Company reaffirms full-year 2024 revenue and earnings guidance.

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

MOLINA HEALTHCARE, INC. reported first quarter ended March 31, 2024 results: revenue Premium Revenue $9,504; Total Revenue $9,931, net income Net Income $334, EPS Adjusted EPS – Diluted $5.73. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: Premium Revenue $9,504; Total Revenue $9,931
Net income: Net Income $334
EPS: Adjusted EPS – Diluted $5.73
Guidance: reaffirmed
Result: reported results

Exact text from the filing

earnings per diluted share of $5.73. Financial results are summarized below: Three months ended March 31, 2024 2023 (In millions, except per-share results) Premium Revenue $9,504 $7,885 Total Revenue $9,931 $8,149 GAAP: Net Income $301 $321 EPS – Diluted $5.17 $5.52 Medical Care Ratio (MCR) 88.5 % 87.1 % G&A Ratio 7.2 % 7.2 % After-tax Margin 3.0 % 3.9 %

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MOLINA HEALTHCARE, INC. filing history →

Source: SEC EDGAR

accession 0001179929-24-000086

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