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Mar 31, 2021
Radnet Q1 2021 Earnings Report
RadNet reported record first quarter revenue, adjusted EBITDA, and net income, and revised upwards 2021 financial guidance ranges.
Key Takeaways
RadNet reported a strong first quarter with record revenue, adjusted EBITDA, and net income. Revenue increased by 12%, and adjusted EBITDA more than doubled compared to the first quarter of the previous year. The company also revised its 2021 financial guidance upwards.
Revenue increased 12% year-over-year.
Adjusted EBITDA more than doubled compared to the first quarter of the previous year.
Net income increased significantly compared to the first quarter of 2020.
The company revised its 2021 financial guidance upwards for revenue, adjusted EBITDA, and free cash flow.
Forward Guidance
RadNet has increased its guidance ranges for Revenue, Adjusted EBITDA and Free Cash Flow. Additionally, with the lower interest cost as a result of recent refinancing transaction, RadNet has decreased its Cash Interest Expense guidance range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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