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Sep 30, 2024
AdaptHealth Q3 2024 Earnings Report
Announced financial results for the third quarter ended September 30, 2024.
Key Takeaways
AdaptHealth Corp. reported a net revenue increase of 0.2% to $805.9 million compared to $804.0 million. Net income attributable to AdaptHealth Corp. was $22.9 million, a significant improvement from the net loss of $454.1 million in the same quarter of the previous year. Adjusted EBITDA increased by 1.9% to $164.3 million. The company has updated its financial guidance for fiscal year 2024.
Net revenue increased by 0.2% to $805.9 million.
Net income attributable to AdaptHealth Corp. was $22.9 million, compared to a net loss of $454.1 million.
Adjusted EBITDA increased by 1.9% to $164.3 million.
Cash flow from operations and free cash flow increased year-to-date.
Forward Guidance
The Company is updating previous financial guidance for fiscal year 2024 as follows: •Net revenue of $3.220 billion to $3.260 billion, from $3.255 billion to $3.315 billion •Adjusted EBITDA of $655 million to $675 million, from $660 million to $700 million •Free cash flow of $175 million to $195 million, from $160 million to $180 million
Positive Outlook
- Net revenue of $3.220 billion to $3.260 billion
- Adjusted EBITDA of $655 million to $675 million
- Free cash flow of $175 million to $195 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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