BuybackMay 22, 2026, 04:38 PM
CorVel Repurchases $56.2M in Shares; Appoints New CFO
AI Summary
CorVel Corporation announced significant share repurchase activity for fiscal year 2026, spending $56.2 million to buy back 782,744 shares of its common stock. This continues a long-standing program, with total repurchases reaching approximately $888 million since fiscal 1997. Additionally, the company appointed Mr. Brian S. Nichols as its new Chief Financial Officer, effective September 10, 2025. CorVel also highlighted its extensive PPO network and diverse workforce.
Key Highlights
- CorVel repurchased 782,744 shares of common stock for $56.2 million during fiscal year 2026.
- Since fiscal 1997, CorVel has repurchased 115,259,435 shares for approximately $888 million.
- As of March 31, 2026, 1,740,565 shares remained authorized for repurchase.
- Mr. Brian S. Nichols was appointed Chief Financial Officer effective September 10, 2025.
- CorVel's PPO network comprised over 1.2 million providers nationwide as of March 31, 2026.
- The company had 5,239 employees as of March 31, 2026, with over 79% identifying as women.
- Occupational injury count for 2024 was 2.34 million, compared to 2.37 million in 2023 and 2.69 million in 2019.
Price Impact
More from CRVL