ModivCare reports Q1 adjusted EPS ($1.71), consensus (45c)

Reports Q1 revenue $650.7M, consensus $644.87M. “In Q1, we continued to advance our strategic objectives and operational initiatives,” said L. Heath Sampson, President and CEO. “Company-wide alignment on key initiatives-securing new contracts, laying the groundwork for scalable automation, reducing G&A, strengthening our working-capital discipline, and progressing toward divestiture readiness-positions us to deliver enhanced performance and long-term value. We are making steady progress that reflects the team’s focus on these priorities. We look forward to maintaining this positive momentum and building a stronger, more connected Modivcare (MODV).”