2024-07-26 11:41:09 ET
Centene Corporation. (CNC)
Q2 2024 Earnings Conference Call
July 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
Stephen Baxter - Wells Fargo
Justin Lake - Wolfe Research
Josh Raskin - Nefron Research
A.J. Rice - UBS
Adam Ron - Bank of America
Scott Fidel - Stephens
David Windley - Jefferies
Lance Wilkes - Bernstein
Andrew Mok - Barclays
Michael Ha - Baird
Ryan Langston - Cowen
George Hill - Deutsche Bank
Presentation
Operator
Good morning everyone and welcome to the Centene Corporation 2024 Second Quarter Financial Results Conference Call. All participants will be in a 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.
This time, I’d like to turn the floor over to Jen Gilligan, Head of Investor Relations. Ma’am, please go ahead.
Jennifer Gilligan
Thank you, Jamie and good morning everyone. Thank you for joining us on our second quarter 2024 earnings release conference call. Sarah London, Chief Executive Officer, Andrew 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 centence.com. Ken Fasola, Centene's President and Jon Dinesman our Head of External Affairs will also be available as participants 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 our second quarter 2024 press release, which is available on the company's website under the Investor section. 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 second quarter 2024 press release.
With that, I'd like to turn the call over to our CEO, Sarah London. Sarah?
Sarah London
Thank you, Jen. And thanks everyone for joining us as we review our second quarter 2024 financial results. This morning, we reported second quarter adjusted diluted EPS of $2.42, a stronger than previously anticipated result. Our earnings power in the period was supported by mixed results in our core business line, with strong execution in marketplace, partially offset by pressure in Medicaid resulting from redeterminations....
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Centene Corporation (CNC) Q2 2024 Earnings Call Transcript