2024-04-26 12:14:13 ET
Centene Corporation (CNC)
Q1 2024 Earnings Call Transcript
April 26, 2024 08:30 AM ET
Company Participants
Jennifer Gilligan - SVP, Finance and Investor Relations
Sarah London - Chief Executive Officer
Andrew Asher - EVP and Chief Financial Officer
Conference Call Participants
Kevin Fischbeck - Bank of America
Stephen Baxter - Wells Fargo
Justin Lake - Wolfe Research
Josh Raskin - Nephron Research
Andrew Mok - Barclays
Nathan Rich - Goldman Sachs
Sarah James - Cantor Fitzgerald
Gary Taylor - TD Cowen
Cal Sternick - JP Morgan
Scott Fidel - Stephens
A.J. Rice - UBS
Dave Windley - Jefferies
George Hill - Deutsche Bank
Lance Wilkes - Bernstein
Presentation
Operator
Good day, and welcome to the Centene First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, today's event is being recorded.
I would now like to turn the conference over to Jennifer Gilligan, Senior Vice-President, Finance and Investor Relations. Please go ahead.
Jennifer Gilligan
Thank you, Rocco, and good morning, everyone. Thank you for joining us on our First Quarter 2024 Earnings Results Conference Call. Sarah London, Chief Executive Officer; and Drew Asher, Executive Vice President and Chief Financial Officer of Centene will host this morning's call, which also can be accessed through our website at centene.com. Ken Fasola, Centene's President will also be available as a participant during Q&A.
Any remarks that Centene may make about future expectations, plans and prospects constitute forward-looking statements for the purpose of the Safe-Harbor provision under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by those forward-looking statements as a result of various important factors, including those discussed in Centene's most recent Form 10-K filed on February 20th, 2024, and other public SEC filings. Centene anticipates that subsequent events and developments may cause its estimates to change. While the company may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
The call will also refer to certain non-GAAP measures. A reconciliation of these measures with the most directly comparable GAAP measures can be found in our first-quarter 2024 press release, which is available on the company's website under the Investors section.
With that, I would like to turn the call over to our CEO, Sarah London. Sarah?
Sarah London
Thanks, Jen, and thanks everyone for joining us as we discuss our first quarter 2024 results. This morning we reported first quarter adjusted EPS of $2.26, ahead of our previous expectations for the period. As a result of this strong start to the year, we are increasing our full year 2024 adjusted EPS guidance to greater than $6.80. Drew will cover the quarter and our updated financial outlook in further detail in a few moments....
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Centene Corporation (CNC) Q1 2024 Earnings Call Transcript