Addus HomeCare Corporation announced an 11.6% increase in net service revenues to $280.7 million for Q1 2024 compared to $251.6 million in Q1 2023. Net income increased to $15.8 million, or $0.97 per diluted share, compared to $12.7 million, or $0.78 per diluted share, for the same period last year. Adjusted EBITDA rose by 24.6% to $32.4 million.
Revenues grew by 11.6% to $280.7 million.
Net income reached $15.8 million, with earnings per diluted share at $0.97.
Adjusted EBITDA increased by 24.6% to $32.4 million.
Cash flow from operations amounted to $38.7 million.
Addus HomeCare is focused on identifying acquisition opportunities in attractive markets in 2024 to enhance their personal care services and deliver greater value for shareholders.
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