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Molina Healthcare — Oct 23, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001179929-24-000148
Open on SEC.gov ↗
Showing in the filing
Adjusted EPS growth
“approximately 13%”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 9
Premium revenue for FY2024
“approximately $38 billion”
Adjusted earnings for FY2024
“at least $23.50 per diluted share”
Adjusted net income Per Diluted Share for FY2024
“$ 23.50”
Adjusted EPS growth for FY2024
“approximately 13%”
GAAP Net income for FY2024
“$ 1,250”
GAAP Net income Per Diluted Share for FY2024
“$ 21.59”
Adjusted net income for FY2024
“$ 1,360”
Statutory tax rate (income tax effect) for FY2024
“approximately 25.5%”
Diluted weighted average shares outstanding … for FY2024
“approximately 57.9 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reports Third Quarter 2024 Financial Results Page 3 October 23, 2024 2024 Guidance Premium revenue for the full year is unchanged and expected to be approximately $38 billion, an increase of approximately 17% from the full year 2023. Adjusted earnings per diluted share for the full year is unchanged and expected to be at least $23.50, representing approximately 13% growth over the full year 2023. Continued strong performance due to Marketplace, operating leverage, and higher net investment income are expected to offset the higher-than-expected trend in Medicaid and Medicare in the second half of the year. Conference Call Management will host a conference call and webcast to discuss Molina Healthcare’s third quarter results at 8:00 a.m. Eastern Time on Thursday, October 24, 2024. The number to call for the interactive teleconference is (877) 883-0383 and the confirmation number is 7014206. A telephonic replay of the conference call will be available through Thursday, October 31, 2024, by dialing (877) 344-7529 and entering confirmation number 5232318 . A live audio broadcast of this conference call will be available on Molina Healthcare’s investor relations website, investors.molinahealthcare.com . A 30-day online replay will be available approximately an hour following the conclusion of the live broadcast. About Molina Healthcare Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. For more information about Molina Healthcar
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.