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Sep 30, 2020
AdaptHealth Q3 2020 Earnings Report
Announced third quarter 2020 financial results, showing increased guidance for fiscal year 2020.
Key Takeaways
AdaptHealth Corp. reported strong third-quarter results, driven by employee dedication and strategic acquisitions, leading to increased financial guidance for fiscal year 2020.
Increased financial guidance for fiscal year 2020 for net revenue to $1.00 billion to $1.04 billion.
Adjusted EBITDA is expected to be $186 million to $194 million.
Adjusted EBITDA less Patient Equipment Capex is projected to be $124 million to $130 million.
Acquired several diabetes management and home medical equipment businesses in high-growth areas.
Forward Guidance
The company increased financial guidance for fiscal year 2020 and provided guidance for 2021.
Positive Outlook
- Net revenue to $1.00 billion to $1.04 billion.
- Adjusted EBITDA to $186 million to $194 million.
- Adjusted EBITDA less Patient Equipment Capex to $124 million to $130 million.
- Net revenue of $1.30 billion to $1.40 billion for 2021.
- Adjusted EBITDA of $260 million to $280 million for 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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