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Sep 30, 2022
Addus Q3 2022 Earnings Report
Addus HomeCare's Q3 2022 financial results were announced, showing revenue growth and strategic expansion through acquisitions.
Key Takeaways
Addus HomeCare Corporation reported an 11.0% increase in net service revenues to $240.5 million for the third quarter of 2022. Net income remained relatively stable at $11.5 million, with adjusted earnings per diluted share increasing to $0.94. The company continues to grow its business organically and through acquisitions, including the recent acquisition of Apple Home Healthcare, LTD.
Net service revenues increased by 11.0% to $240.5 million compared to Q3 2021.
Net income was $11.5 million, with earnings per diluted share at $0.71.
Adjusted EBITDA increased by 3.4% to $25.7 million.
The company completed the acquisition of Apple Home Healthcare, LTD on October 1, 2022, expanding clinical services in the Chicago area.
Revenue by Segment
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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