Welcome to our dedicated page for Selectquote news (Ticker: SLQT), a resource for investors and traders seeking the latest updates and insights on Selectquote stock.
SelectQuote, Inc. (NYSE: SLQT) is described in its public communications as a leading distributor of Medicare insurance policies and the owner of a rapidly growing healthcare services platform. News about SLQT often centers on its SelectQuote Senior Medicare distribution business, its Healthcare Services segment anchored by the SelectRx pharmacy, and its SelectQuote Life insurance operations.
On this page, readers can follow company announcements about Medicare insurance distribution performance, healthcare services initiatives and capital structure developments. Recent releases have highlighted new credit facilities arranged with lenders, including a senior secured term loan and revolving credit facility used to refinance existing debt and support working capital. Other news has focused on multiyear agreements for SelectRx with pharmacy benefit manager partners aimed at providing more predictable reimbursement economics.
Company news also covers operational metrics and research from its Healthcare Services platform. SelectQuote has reported on SelectRx membership growth, prescriptions shipped per day, and research from its Healthcare Select division that examines chronic conditions, prescription use, social determinants of health and medication adherence among Medicare beneficiaries. Additional updates describe partnerships with social service platforms to connect low-income seniors with food, housing, transportation and other support programs.
Investors and observers can use this news feed to review earnings releases, segment results for Senior, Healthcare Services and Life, updates on Medicare Advantage policy volumes, and disclosures about new programs designed to improve medication adherence for polychronic Medicare beneficiaries. Regularly reviewing SLQT news provides context on how the company’s insurance distribution and healthcare services ecosystem is evolving over time.
SelectQuote, Inc. reported a strong third quarter of fiscal year 2024 with consolidated revenue of $376.4 million, net income of $8.6 million, and Adjusted EBITDA of $46.6 million. The company raised its Fiscal Year 2024 guidance ranges for revenue, net loss, and Adjusted EBITDA. The Senior segment showed impressive results with revenue of $204.3 million and Adjusted EBITDA of $61.5 million. The Healthcare Services segment saw revenue of $124.2 million and an Adjusted EBITDA of $1.6 million, with significant growth in SelectRx members. Life segment revenue was $40.7 million, while the Auto & Home segment revenue reached $9.1 million. CEO Tim Danker expressed confidence in the company's performance and outlook for shareholder value.
SelectQuote, Inc. (NYSE: SLQT) announced the release date of its fiscal third quarter 2024 financial results and the presentation at RBC's Global Healthcare Conference. The earnings call will be held on May 9, 2024, at 9:00 am ET, hosted by CEO Tim Danker and CFO Ryan Clement. The company will also participate in a fireside chat at the conference on May 15, 2024.
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