Loading...
•
Jun 30, 2024
AdaptHealth Q2 2024 Earnings Report
Announced second quarter 2024 results.
Key Takeaways
AdaptHealth Corp. reported a 1.6% increase in net revenue, reaching $806.0 million, and a 39.0% increase in net income attributable to AdaptHealth Corp., which was $19.4 million.
Net revenue increased by 1.6% to $806.0 million.
Net income attributable to AdaptHealth Corp. increased by 39.0% to $19.4 million.
Adjusted EBITDA decreased by 3.3% to $165.3 million.
Free cash flow was $77.9 million year-to-date 2024.
Forward Guidance
The Company is updating previous financial guidance for fiscal year 2024 by adjusting the midpoint for net revenue to account for the disposition of certain non-core assets, however, the Company is maintaining the midpoint for Adjusted EBITDA, and increasing the midpoint for free cash flow.
Positive Outlook
- Net revenue of $3.255 billion to $3.315 billion from $3.25 billion to $3.35 billion
- Adjusted EBITDA of $660 million to $700 million from $650 million to $710 million
- Free cash flow of $160 million to $180 million from $150 million to $180 million
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...