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Sep 30, 2023
Addus Q3 2023 Earnings Report
Addus HomeCare's Q3 2023 earnings were announced, demonstrating growth in net service revenues and adjusted EBITDA.
Key Takeaways
Addus HomeCare reported a 12.6% increase in net service revenues, reaching $270.7 million, and a 20.0% increase in adjusted EBITDA, totaling $30.9 million for the third quarter of 2023. Net income increased to $15.4 million, or $0.95 per diluted share, while adjusted net income per diluted share rose to $1.15.
Net service revenues increased by 12.6% to $270.7 million.
Net income reached $15.4 million, with earnings per diluted share at $0.95.
Adjusted EBITDA grew by 20.0% to $30.9 million.
Cash flow from operations amounted to $21.8 million.
Revenue by Segment
Forward Guidance
Addus HomeCare will continue to expand its business, generate strong cash flow, pay down debt and strengthen balance sheet. The company will pursue strategic acquisitions and remain selective in identifying acquisition opportunities.
Positive Outlook
- Continued expansion of business operations.
- Generation of strong cash flow from operations.
- Focus on paying down debt and strengthening the balance sheet.
- Pursuit of strategic acquisitions.
- Selective approach to identifying acquisition opportunities.
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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