CorVel Corp. (CRVL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. files for the most recent fiscal year and quarter. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. I would now like to turn it over to Michael Combs, President and Chief Executive Officer. Good morning. Thank you for joining us to review Corvell's September quarter results. I'm very pleased to welcome Brian Nichols, Corvell's Chief Financial Officer, to the call today. Thank you, Michael, and good morning, everyone. It's a pleasure to join the call this morning. Today, we're going to review our operational performance, key growth drivers, and the market trends that are shaping our business. I'll also discuss how we're positioning the company to capture emerging opportunities and manage associated risks. Finally, I'll provide a closer look at our AI initiatives, highlighting the tangible benefits we're already seeing, as well as the roadmap ahead. Brian, let's start with an overview of the quarter's financial results. After that, would you please share a bit about your journey at Corvell and your perspective on the opportunities you see in your new role to further strengthen the organization? Certainly. The September quarter revenues were $240 million, 7% above the $224 million in the September 2024 quarter. The earnings per share for the quarter ending September 30, 2025, were 54 cents, an increase of 20% over the same quarter of the prior year's EPS of 45 cents. As a reminder to our listeners, the earnings per share results from the quarter and annual comparisons have been adjusted to account for the three-for-one stock split reported in December 2024. It's not unusual to have one-time events. Sometimes the...