NasdaqHealth CareHealth Care ServicesS&P SmallCap 600
$83.16
-2.75 (-3.20%)
Close of Nov 06, 2026 · end-of-day data
CRVL 8-K filings in 2024
Every material Form 8-K CorVel filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CorVel founder V. Gordon Clemons retired effective November 26, 2024, as an employee, director and Chairman of the Board. Chief Executive Officer Michael G. Combs was appointed to the board and elected Chairman the same day, so the chief executive now also chairs the board.
Clemons founded CorVel in 1988 and served as chairman since the company's 1991 initial public offering, after 37 years of service.
Clemons and the company agreed to terminate his employment agreement and covenant not to compete; the filing says the retirement does not reflect a disagreement on operations, policies or practices.
Combs is not expected to receive additional compensation for serving as a director or chairman.
Clemons will continue to be available to Combs as an outside consultant, having advised Combs since 2017.
CorVel reported results for the three months ended September 30, 2024, with revenue up 15% to $224 million and diluted EPS up 17% to $1.35 from a year earlier. For the six months, revenue reached $436 million and diluted EPS was $2.60, both higher than the prior-year period. The company ended the quarter with $138 million in cash and no borrowings, and the release gave no forward guidance.
Quarterly gross profit rose 15% to $50.7 million, at a 22.6% gross margin, versus $44.3 million a year earlier.
Six-month revenue was $436 million versus $386 million, and six-month diluted EPS was $2.60 versus $2.29.
The company repurchased $9.6 million of common stock during the quarter and held $138 million in cash with no borrowings.
CorVel reported results for the quarter ended June 30, 2024, in a press release furnished as Exhibit 99.1. Revenue rose to $212 million from $190 million a year earlier, net income rose to $21.6 million from $19.8 million, and diluted earnings per share rose to $1.25 from $1.14. Revenue, profit and per-share earnings all improved year over year.
Revenue of $212 million for the quarter, up from $190 million in the June 2023 quarter
Diluted EPS of $1.25, compared with $1.14 a year earlier
Gross profit of $48.2 million at a 22.7% gross margin, up from $41.9 million
Repurchased $9.5 million of common stock; ended the quarter with $132 million in cash and no borrowings
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.
CorVel reported results for the three months ended December 31, 2023, in a press release furnished as Exhibit 99.1 to a Form 8-K. Revenue rose to $202.3 million from $179.4 million, and diluted earnings per share rose to $0.99 from $0.96, so the headline measures improved year over year.
Quarter revenue $202.3 million vs $179.4 million a year earlier; net income $17.1 million vs $16.8 million
Quarter diluted EPS $0.99 vs $0.96; nine-month diluted EPS $3.27 vs $2.73
Nine-month revenue $588.1 million vs $533.1 million
The release said new business sold rose 34% in calendar 2023, with 95% Gross Revenue Retention and 108% Net Revenue Retention
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CorVel filing is on SEC EDGAR ↗. 8-K briefs of other companies →