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Dec 31, 2020
Addus Q4 2020 Earnings Report
Addus HomeCare reported a revenue increase of 1.9% and adjusted EPS growth of 12.3% for Q4 2020.
Key Takeaways
Addus HomeCare Corporation announced its Q4 2020 financial results, with net service revenues increasing by 1.9% to $196.0 million. Net income was $8.4 million, or $0.53 per diluted share. Adjusted EBITDA increased by 11.6% to $20.9 million, and adjusted net income per diluted share was $0.82.
Net service revenues increased 1.9% to $196.0 million compared to Q4 2019.
Net income was $8.4 million, or $0.53 per diluted share, compared to $10.7 million, or $0.68 per diluted share, in Q4 2019.
Adjusted EBITDA increased 11.6% to $20.9 million compared to $18.8 million in Q4 2019.
Adjusted net income per diluted share was $0.82 compared to $0.73 in Q4 2019.
Revenue by Segment
Forward Guidance
Addus is confident that they are well-positioned to achieve further profitable growth both organically and from acquisitions in 2021 and beyond.
Positive Outlook
- Well-positioned to achieve further profitable growth both organically and from acquisitions.
- Focused on providing home care services that allow individuals to remain in the safety and comfort of their preferred home setting.
- Exceptional team in place that provides a stable foundation for continued success as a leading provider of home care services.
- Offers a strong value proposition.
- Look forward to extending market reach while continuing to deliver value to shareholders.
Challenges Ahead
- Discretionary determinations by government officials.
- Consummation and integration of acquisitions.
- Anticipated transition to managed care providers.
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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