[8-K] MultiPlan Corporation Reports Material Event

Rhea-AI Filing Summary

Honda Motor (HMC) Q1 FY25 (Apr-Jun 2025)

• Sales revenue fell 1.2% YoY to JPY 5,340.3 bn as weaker Financial Services and FX headwinds offset Automobile volume gains.
• Operating profit dropped 49.6% to JPY 244.2 bn; margin compressed to 4.6% (9.0% LY).
• Profit attributable to owners slid 50.2% to JPY 196.7 bn; EPS 46.80 yen vs 81.81 yen.
• Cash & equivalents down JPY 515 bn during the quarter; equity ratio eased to 39.5% after a JPY 364 bn share buyback.
• Guidance raised: FY26 sales 21.1 tn (+3.9% vs prior outlook), operating profit 700 bn (+40%), profit attributable 420 bn (+68% EPS to 105.07 yen) despite still trailing FY25 actuals.
• Dividend forecast lifted to 70 yen/share (vs 68 yen FY25).

Segment notes: Motorcycle profit grew, Automobile swung to a ¥29.6 bn loss on tariffs; Financial Services revenue -11% YoY. Comprehensive income turned negative (-¥3.8 bn) on currency translation.

Implication: A sharp Q1 earnings contraction highlights near-term margin pressure, yet the sizable upgrade to full-year guidance plus continued dividends/buybacks suggests management expects a strong H2 recovery.

Positive

• Upgraded FY26 guidance: operating profit raised 40% to ¥700 bn; EPS +68% to 105.07 yen.
• Dividend per share forecast increased to 70 yen, signalling ongoing shareholder-return commitment.
• Substantial share repurchases (¥364 bn in Q1) reduce share count and can support future EPS.

Negative

• Q1 operating profit plunged 49.6%, with margin down to 4.6%.
• Profit attributable to owners fell 50.2%, halving EPS to 46.80 yen.
• Cash balance contracted by ¥515 bn, reflecting negative free cash flow and buybacks.
• Comprehensive income turned negative (-¥3.8 bn) due to FX translation losses.
• Automobile segment posted a ¥29.6 bn operating loss, reversing prior-year profitability.

Insights

Sell-side Financial Analyst

TL;DR: Weak Q1 but bullish full-year guidance; mixed signal overall.

Honda’s 50% profit drop underscores tariff and FX sensitivity, with Automobile now loss-making. However, management’s 40% operating-profit upgrade and higher DPS show confidence that margin headwinds are transient. FY26 targets still sit 42% below FY25 actuals, so valuation upside hinges on execution. Liquidity remains adequate, though the ¥515 bn cash burn and aggressive buyback merit monitoring. Net impact: neutral until evidence of second-half rebound materialises.

Portfolio Manager

TL;DR: Guidance lift and capital returns outweigh soft quarter—mildly positive.

The market typically prices forward earnings; a 68% EPS hike to 105 yen, plus a 3% yield on the new 70-yen dividend and continued buybacks, could drive re-rating despite disappointing Q1. Equity ratio near 40% and diversified cash flows offer balance-sheet comfort. I view the release as moderately accretive for sentiment, particularly if FX stabilises and tariff pass-through improves.

0001793229FALSE00017932292025-08-062025-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 6, 2025

Claritev Corporation

(Exact name of registrant as specified in its charter)

Delaware

001-39228

84-3536151

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

7900 Tysons One Place, Suite 400

McLean, Virginia 22102

(212) 780-2000

(Address, including zip code, and telephone number,

including area code, of registrant’s principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Shares of Class A Common Stock, $0.0001 par value per share

CTEV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Unless the context otherwise requires, "we," "us," "our," "Claritev" and the "Company" refer to Claritev Corporation, a Delaware corporation, and its consolidated subsidiaries.

Item 2.02    Results of Operations and Financial Condition.

On August 6, 2025, the Company issued a press release announcing its financial results for the second quarter ended June 30, 2025.

A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K (the "Report") and is incorporated herein by reference.

The information in this Item 2.02, including 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section, nor shall it be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are included in this Form 8-K:

Exhibit No.						Description of Exhibit
99.1						Press Release, dated August 6, 2025, reporting the Company's financial results for the second quarter ended June 30, 2025.
104						Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

Forward-Looking Statements

This Report includes statements that express our management’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “forecasts,” “intends,” “plans,” “may,” “will” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Report, including, but not limited to, statements relating to our ability to successfully implement our transformation plan; the execution of our international expansion plan; our 2025 outlook and guidance; and the long-term prospects of the Company. Such forward-looking statements reflect management’s expectations regarding our future growth, results of operations, operational and financial performance and business prospects and opportunities. Such forward-looking statements are based on available current market information and management’s expectations, beliefs and forecasts concerning future events impacting the business. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that these forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward looking statements. These factors include: loss of our clients, particularly our largest clients; the ability to achieve the goals of our strategic plans and recognize the anticipated strategic, operational, growth and efficiency benefits when expected; our ability to enter new lines of business and broaden the scope of our services; the loss of key members of our management team or inability to maintain sufficient qualified personnel; our ability to continue to attract, motivate and retain a large number of skilled employees, and adapt to the effects of inflationary pressure on wages; trends in the U.S. healthcare system, including recent trends of unknown duration of reduced healthcare utilization and increased patient financial responsibility for services; effects of competition; effects of pricing pressure; the inability of our clients to pay for our services; changes in our industry and in industry standards and technology; adverse outcomes

related to litigation or governmental proceedings; interruptions or security breaches of our information technology systems and other cybersecurity attacks; our ability to maintain the licenses or right of use for the software we use; our ability to protect proprietary information, processes and applications; our inability to expand our network infrastructure; inability to preserve or increase our existing market share or the size of our preferred provider organization networks; decreases in discounts from providers; pressure to limit access to preferred provider networks; changes in our regulatory environment, including healthcare law and regulations; the expansion of privacy and security laws; heightened enforcement activity by government agencies; our ability to obtain additional financing; our ability to pay interest and principal on our notes and other indebtedness; lowering or withdrawal of our credit ratings; changes in accounting principles or the incurrence of impairment charges; the possibility that we may be adversely affected by other political, economic, business, and/or competitive factors; other factors disclosed in our Securities and Exchange Commission (“SEC”) filings; and other factors beyond our control.

The forward-looking statements contained in this Report are based on our current expectations and beliefs concerning future developments and potential effects on our business. There can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in our Annual Report on Form 10-K, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by us. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date made. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:    August 6, 2025

                                Claritev Corporation

                                By:    /s/ Douglas M. Garis         

                                Name:    Douglas M. Garis

                                Title:    Executive Vice President and Chief Financial Officer

FAQ

What were Honda Motor's Q1 FY25 earnings and EPS?

Q1 profit attributable to owners was ¥196.7 bn with EPS 46.80 yen, down 50.2% YoY.

Why did Honda's operating profit decline in the June 2025 quarter?

Management cites tariff impacts, adverse FX movements, and higher R&D and SG&A costs.

Has Honda revised its FY26 earnings forecast?

Yes. Sales now ¥21.1 tn, operating profit ¥700 bn, EPS 105.07 yen; all materially above the May 2025 outlook.

What is Honda's updated dividend outlook for FY26?

The company targets a total dividend of 70 yen per share, up from 68 yen in FY25.

How many shares did Honda repurchase during Q1 FY25?

Treasury stock rose by ~263 m shares, representing ¥363.9 bn of buybacks.

What is Honda’s equity ratio after the first quarter?

Equity attributable to owners equals 39.5% of total assets as of 30 Jun 2025.