CorVel fiscal 2024 revenue rises to $795 million; diluted EPS $4.40 vs $3.77
CorVel reported higher revenue and earnings for the three months and fiscal year ended March 31, 2024, in a press release dated May 22, 2024, furnished as Exhibit 99.1. Full-year revenue and diluted earnings per share both rose from the prior year, while fourth-quarter income from operations was flat.
- Fiscal 2024 revenue was $795 million, up from $719 million in fiscal 2023.
- Fiscal 2024 diluted EPS was $4.40, compared with $3.77; net income was $76.3 million, up from $66.4 million.
- Fourth-quarter revenue was $207 million, up from $185 million, and diluted EPS was $1.12, up from $1.04.
- Fourth-quarter income from operations was $22.6 million, essentially unchanged from the same quarter a year earlier.