Addus HomeCare Corporation reported a strong fourth quarter in 2021, with revenues reaching $224.6 million, a 14.6% increase year-over-year. Net income increased by 54.6% to $13.1 million, and adjusted earnings per diluted share rose by 18.3% to $0.97. The company's personal care service line saw an 8.0% increase on a same-store basis.
Net service revenues increased by 14.6% to $224.6 million compared to Q4 2020.
Net income increased by 54.6% to $13.1 million, with earnings per diluted share at $0.81.
Adjusted EBITDA increased by 27.5% to $26.7 million.
Personal care same-store revenue increased by 8.0%, exceeding the target range of 3-5%.
Addus HomeCare anticipates continued growth in demand for home-based care and is well-capitalized to pursue acquisition opportunities that meet their strategic criteria in 2022.
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