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Jun 30, 2023
Pennant Group Q2 2023 Earnings Report
Pennant Group reported an increase in revenue and net income for the second quarter of 2023.
Key Takeaways
The Pennant Group, Inc. reported a strong second quarter in 2023, with a 13.7% increase in total revenue and a 204.5% increase in net income compared to the prior year quarter. The company's Home Health and Hospice Services segment and Senior Living Services segment both experienced revenue growth. The company is well-positioned to take advantage of an increasing number of attractive acquisition opportunities.
Total revenue increased by 13.7% to $132.3 million.
Net income increased by 204.5% to $2.8 million.
Home Health and Hospice Services segment revenue increased by 11.3% to $95.0 million.
Senior Living Services segment revenue increased by 20.3% to $37.3 million.
Revenue by Segment
Forward Guidance
Pennant is well-positioned to execute throughout the remainder of the year and deliver on their 2023 commitments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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