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Dec 31, 2023
Addus Q4 2023 Earnings Report
Addus HomeCare's Q4 2023 earnings were announced, revealing revenue growth and increased profitability.
Key Takeaways
Addus HomeCare Corporation reported an 11.9% increase in net service revenues, reaching $276.4 million for Q4 2023. Net income rose to $19.6 million, or $1.20 per diluted share, and adjusted EBITDA increased by 21.3% to $34.3 million.
Net service revenues increased by 11.9% to $276.4 million.
Net income was reported as $19.6 million, equating to $1.20 per diluted share.
Adjusted EBITDA saw a 21.3% year-over-year increase, reaching $34.3 million.
Cash flow from operations totaled $30.0 million for the quarter.
Revenue by Segment
Forward Guidance
The company will continue to build on its momentum and capitalize on the growing demand for home-based care. Addus offers a strong value proposition with high-quality and cost-effective care for patients in the preferred home setting.
Positive Outlook
- Capitalizing on growing demand for home-based care.
- Strong value proposition with high-quality and cost-effective care.
- Dedicated team of caregivers.
- Improving care delivery with enhanced training.
- Investments in applications for efficient scheduling.
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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