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Jun 30, 2021
Addus Q2 2021 Earnings Report
Addus HomeCare's Q2 2021 results showed revenue growth and increased net income.
Key Takeaways
Addus HomeCare Corporation reported an 18.1% increase in net service revenues to $217.9 million for the second quarter of 2021, compared to $184.6 million for the second quarter of 2020. Net income increased by 67.9% to $11.6 million, or $0.72 per diluted share, compared to $6.9 million, or $0.43 per diluted share, for the prior-year period. Adjusted net income per diluted share increased 23.3% to $0.90 for the second quarter of 2021 from $0.73 for the second quarter of 2020.
Net service revenues increased by 18.1% to $217.9 million.
Net income increased by 67.9% to $11.6 million.
Adjusted EBITDA increased 30.1% to $24.3 million.
Company closed on Armada Acquisition in New Mexico.
Revenue by Segment
Forward Guidance
The company completed the acquisition of Armada to increase clinical depth and operational strength in New Mexico and enhance ability to provide all three levels of home care in this important market for Addus.
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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