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CorVel Announces Record Earnings
Date:6/10/2008

000 14,961,000

Net income 18,576,000 23,384,000

Earnings Per Share:

Basic $1.32 $1.69

Diluted $1.30 $1.67

Weighted Shares

Basic 14,070,000 13,856,000

Diluted 14,268,000 14,036,000

CorVel Corporation

Quarterly Results - Condensed Balance Sheet

March 31, 2007 and March 31, 2008

March 31, 2007 March 31, 2008

Cash 15,020,000 17,911,000

Accounts receivable, net 41,027,000 39,164,000

Prepaid expenses and taxes 3,090,000 5,242,000

Deferred income taxes 5,150,000 6,753,000

Property, net 24,864,000 30,569,000

Goodwill and other assets 24,617,000 39,708,000

Total 113,768,000 139,347,000

Accounts and taxes payable 13,418,000 20,476,000

Accrued liabilities 15,851,000 16,473,000

Deferred tax liability 5,302,000 6,020,000

Paid in capital 75,557,000 80,222,000

Treasury stock -154,091,000 -162,302,000

Retained earnings 157,731,000 178,458,000

Total 113,768,000 139,347,000


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SOURCE CorVel Corporation
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