CorVel (CRVL) Q4 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 20, 2026 astatine 12:24 PM CDT 10 min read

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DATE

Wednesday, May 20, 2026 astatine 11:30 a.m. ET

CALL PARTICIPANTS

• President & CEO — Michael Combs

• Chief Financial Officer — Brian Nichols

• [Role Unspecified] — Unknown Executive

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Full Conference Call Transcript

Brian Nichols: Thank you, Michael, and bully morning, everyone. The March 4th revenues were $249 million, an summation of 7% compared to $232 cardinal successful the March 2025 quarter. Earnings per stock for the 4th ended March 31, 2026 were $0.61, up from $0.51 successful the aforesaid play of the erstwhile year. . For the fiscal twelvemonth 2026, revenues were $959 million, up 7% from $896 cardinal successful the anterior fiscal year, and net per stock was $2.14, an summation of 17% compared to $1.83 for the fiscal twelvemonth ended March 31, 2025. The effectual taxation complaint accrued compared to the anterior year, which included a discrete payment from banal enactment exercises that did not recur astatine akin levels.

For the fiscal year, Network Solutions delivered beardown results with double-digit gross and nett maturation driven by continued momentum crossed its offerings and coagulated execution successful some spot and casualty and commercialized health. Results wrong Network Solutions included the interaction of definite onetime events chiefly wrong CERIS, which contributed successful portion to elevated gross and nett during the play and added $0.02 of net per share. This show was driven by accelerated post-payment recoveries associated with ample payer engagement reflecting a timing-related benefit. Importantly, this engagement, on with these further ample payer wins, is expected to lend to ongoing gross and nett tailwinds arsenic these programs standard and mature.

Patient absorption generated debased single-digit gross and nett growth, reflecting a unchangeable request situation and accordant absorption connected operational efficiency. The institution is making targeted investments to heighten work prime and consistency arsenic a cardinal differentiator, portion advancing systems and exertion to enactment much scalable delivery. Personnel levels accrued during the play to enactment work transportation and implementation enactment reflecting near-term execution priorities. These levels are expected to normalize arsenic deployments mature and arsenic automation and AI-enabled workflow enhancements are deployed done the remainder of the twelvemonth and into 2027, the institution expects to recognize sustained productivity gains, trim reliance connected manual processes and further amended operating leverage.

Overall, the company's balanced portfolio positions america to present scalable maturation done web solutions portion driving accrued differentiation and aboriginal maturation successful diligent absorption done ongoing exertion and AI-enabled investments. New bookings successful the March 4th accrued 56% year-over-year. reflecting precocious request and accelerating commercialized momentum crossed the business. RFP enactment roseate 20% implicit the aforesaid period, supporting dependable pipeline expansion. Importantly, these bookings chiefly multiyear are expected to lend meaningfully to gross and nett maturation successful the backmost fractional of the calendar twelvemonth arsenic implementation scale.