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Jun 30, 2024

Concentra Group Holdings Q2 2024 Earnings Report

Concentra's financial performance for Q2 2024, marked by revenue growth and strategic IPO completion, was announced.

Key Takeaways

Concentra Group Holdings reported a revenue increase of 2.3% to $477.9 million, with operating income up by 2.2% to $83.9 million. Net income saw a slight decrease of 1.8% to $53.1 million. The company also completed its IPO, marking a significant milestone.

Revenue increased by 2.3% to $477.9 million compared to the same quarter last year.

Income from operations increased by 2.2% to $83.9 million.

Net income decreased slightly by 1.8% to $53.1 million.

Completed an initial public offering (IPO) of 22,500,000 shares.

Total Revenue
$478M
Previous year: $265M
+80.0%
EPS
$0.49
Previous year: $0.95
-48.4%
Adjusted EBITDA Margin
21.3%
Previous year: 21.5%
-0.9%
Adjusted EBITDA
$102M
Previous year: $100M
+1.2%
Gross Profit
$121M
Previous year: $137M
-12.0%
Cash and Equivalents
$50.7M
Previous year: $33.2M
+52.5%
Free Cash Flow
$55.2M
Previous year: $73.7M
-25.1%
Total Assets
$2.36B

Concentra Group Holdings

Concentra Group Holdings

Forward Guidance

Concentra hosted a conference call regarding its second quarter results and its business outlook.