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Mar 31, 2023
Addus Q1 2023 Earnings Report
Addus reported strong financial results for Q1 2023, with revenue and adjusted EBITDA increasing by 11.0% and 16.2%, respectively, compared to Q1 2022.
Key Takeaways
Addus HomeCare announced its Q1 2023 financial results, reporting an 11.0% increase in revenue to $251.6 million and a net income of $12.7 million, or $0.78 per diluted share. The company's adjusted EBITDA increased by 16.2% to $26.0 million, and adjusted net income per diluted share rose to $0.97.
Revenues grew by 11.0% to $251.6 million.
Net income was $12.7 million, or $0.78 per diluted share.
Adjusted EBITDA increased by 16.2% to $26.0 million.
Cash flow from operations was $18.8 million.
Revenue by Segment
Forward Guidance
Addus is focused on making investments in its business to support continued growth, including technology investments and new systems to support hiring and retention goals. The company will continue to assess acquisition opportunities and is well-capitalized to deliver value to shareholders.
Positive Outlook
- Continued strengthening of the balance sheet.
- Use of strong cash flow to repay debt.
- Focus on technology investments for greater efficiency.
- Implementation of new systems to achieve hiring and retention goals.
- Assessment of acquisition opportunities aligned with growth strategy.
Challenges Ahead
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially from expectations.
- Discretionary determinations by government officials can impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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