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Mar 31, 2020
Addus Q1 2020 Earnings Report
Revenue and net income increased in the first quarter of 2020.
Key Takeaways
Addus HomeCare announced preliminary financial results for Q1 2020, with revenue increasing to $190.2 million and net income rising to $8.7 million, or $0.54 per diluted share. Adjusted diluted earnings per share reached $0.77 and adjusted EBITDA increased to $17.7 million.
Net service revenues reached $190.2 million.
Net income increased to $8.7 million, with earnings per diluted share at $0.54.
Adjusted net income per diluted share grew to $0.77.
Adjusted EBITDA increased to $17.7 million.
Forward Guidance
Addus will continue to execute its growth strategy, focusing on both organic growth and potential acquisitions while prioritizing the health and safety of caregivers, employees, and patients.
Positive Outlook
- Continue to execute growth strategy as a leading provider of home care services
- Solid pipeline of potential acquisitions.
- Offers a strong value proposition, including through expanding hospice and home health services
- Well positioned to meet the current and expected demand for services
- Caregivers’ services during this important time will enable many elderly and vulnerable individuals to avoid the risks found in settings outside of their homes during this unprecedented time.
Challenges Ahead
- Much has changed in operating environment since the end of the first quarter.
- COVID-19 pandemic has created new challenges for our business with heightened emphasis on providing our services in a safe manner
- COVID-19 pandemic has created new challenges for our business with heightened emphasis on the economic impact on the communities we serve.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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