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Mar 31, 2023
AdaptHealth Q1 2023 Earnings Report
Announced first quarter 2023 results, showing revenue increase and strategic cost management initiatives.
Key Takeaways
AdaptHealth Corp. reported a 5.4% increase in net revenue to $744.6 million compared to the first quarter of 2022, with a notable 17.6% growth in the Sleep business. Net income attributable to AdaptHealth Corp. was $15.7 million. The company is implementing a cost management program to revamp supply chain infrastructure and restructure the operating model.
Net revenue increased by 5.4% to $744.6 million compared to Q1 2022.
Sleep business experienced a 17.6% net revenue growth year-on-year.
Net income attributable to AdaptHealth Corp. was $15.7 million.
Cash flow from operations increased to $140.2 million, up from $66.5 million in the comparable period of 2022.
Forward Guidance
The company believes the initiatives are in place to meet the original full-year financial goals.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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