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Dec 31, 2021
Addus Q4 2021 Earnings Report
Addus HomeCare's Q4 2021 earnings were announced, revealing a 14.6% increase in revenues to $224.6 million and a 54.6% increase in net income to $13.1 million.
Key Takeaways
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%.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Expects continued growth in demand for home-based care.
- Well-capitalized to pursue acquisition opportunities.
- Believes the pandemic has raised awareness about the value of safe, quality, home-based care.
- Extending market reach to deliver greater value to shareholders.
- Acquisition of JourneyCare and Summit Home Health expands services in Illinois.
Challenges Ahead
- Ongoing COVID-19 challenges.
- Labor challenges.
- Uncertainty regarding the outcome of discussions with managed care organizations.
- Changes in reimbursement and government regulations.
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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