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Mar 31, 2022
Addus Q1 2022 Earnings Report
Addus reported strong financial results for Q1 2022, with revenue growth driven by hospice and home health segments, despite challenges from the Omicron variant.
Key Takeaways
Addus HomeCare Corporation announced its financial results for the first quarter ended March 31, 2022, with revenues growing 10.4% to $226.6 million. Net income was $8.5 million, or $0.53 per diluted share, while adjusted earnings per diluted share increased to $0.77. The company experienced positive trends across all operating segments, reflecting favorable demand for home-based care.
Revenues grew by 10.4% to $226.6 million compared to Q1 2021.
Net income reached $8.5 million, with earnings per diluted share at $0.53.
Adjusted earnings per diluted share increased to $0.77.
Hospice same store revenue increased by 4.4%.
Revenue by Segment
Forward Guidance
Addus is optimistic about its prospects for continued organic growth and strategic acquisitions in 2022, driven by the increasing demand for home-based care and the company's established operating model.
Positive Outlook
- Favorable demand trends for home-based care.
- Significant prospects for continued organic growth in current markets.
- Opportunities to enter new markets through selective acquisitions.
- Focus on acquiring clinical services capabilities in existing markets.
- Advancing strategy to expand to more states with full home care coverage.
Challenges Ahead
- Potential risks associated with discretionary determinations by government officials.
- Challenges in consummating and integrating acquisitions.
- Unexpected increases in SG&A and other expenses.
- Changes in reimbursement and government regulations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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