secwatch.observer — SEC 8-K summary
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Issuer:     ModivCare Inc (—)
CIK:        0001220754
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001220754-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ModivCare Q1 revenue up 3.3% to $684.5M, net loss $22.3M; maintains FY guidance
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- Service revenue $684.5M (+3.3% YoY); net loss $22.3M ($1.57 diluted EPS).
- Adjusted EBITDA $32.1M; adjusted net loss $1.2M; adjusted EPS -$0.09.
- Operating cash flow $9.6M; free cash flow $1.7M.
- Won $171.2M TCV in NEMT contracts in Q1; implementations start Q2 2024.
- Company reaffirms full-year 2024 guidance (no specific numbers provided).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1220754/000122075424000033/0001220754-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1220754/000122075424000033/modv-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001220754-24-000033

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