Shares of CorVel Corp. (CRVL), a claims management and managed care provider, will begin trading on a three-for-one forward stock split-adjusted basis today, December 26, 2024, at market open.
As part of the stock split, every one share of common stock outstanding or held in treasury on December 23, 2024 (the record date) was split into three shares. The additional shares were distributed to shareholders on December 24, 2024.
The financial results for the second quarter ended September 30, 2024, were reported last month.
Net income increased to $23.4 million, or $1.35 per share in the second quarter of 2024, from $19.9 million or $1.15 per share in the year-ago period.
Revenues for the second quarter of 2024, totaled $224 million, up from $196 million in the second quarter of 2023.
The company ended Sep.30, 2024, with $138 million in cash, cash equivalents, and no borrowings.
CRVL closed Tuesday's (Dec. 24, 2024) trading at $347.45, up 2.75%. In after-hours trading, the stock was up at $347.45.
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