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Mar 31, 2024
Pennant Group Q1 2024 Earnings Report
Pennant Group reported strong first quarter results driven by growth in both home health and hospice, and senior living segments.
Key Takeaways
The Pennant Group reported a strong first quarter with a 24.1% increase in total revenue to $156.9 million and a 165.2% increase in net income to $4.9 million. The company experienced accelerated growth and margin improvement, with record setting performance in the home health and hospice segment and all-time high revenue in the senior living segment.
Total revenue increased by 24.1% to $156.9 million.
Net income increased by 165.2% to $4.9 million.
Home Health and Hospice Services segment revenue increased by 27.9% to $116.5 million.
Senior Living Services segment revenue increased by 14.2% to $40.4 million.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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