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Sep 30, 2023
Pennant Group Q3 2023 Earnings Report
Pennant Group reported positive momentum with solid census gains, robust top line growth, and improved margin and earnings.
Key Takeaways
The Pennant Group, Inc. announced its Q3 2023 operating results, with total revenue of $140.2 million, a 18.5% increase over the prior year quarter. GAAP diluted earnings per share was $0.15, and adjusted diluted earnings per share was $0.20. Net income for the quarter was $4.4 million, a 44.4% increase over the prior year quarter.
Total revenue for the quarter was $140.2 million, an increase of 18.5% over the prior year quarter.
Net income for the third quarter was $4.4 million, an increase of 44.4% over the prior year quarter.
Home Health and Hospice Services segment revenue for the third quarter was $101.5 million, an increase of 18.3% over the prior year quarter.
Senior Living Services segment revenue for the third quarter was $38.7 million, an increase of 18.9% over the prior year quarter.
Forward Guidance
Management is updating its annual guidance as follows: total revenue is anticipated to be between $526.0 million and $531.0 million; full year 2023 adjusted earnings per diluted share is anticipated to be between $0.69 and $0.75; and full year 2023 adjusted EBITDA is anticipated to be between $39.4 million and $42.6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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