Enhabit, Inc. reported a net service revenue of $260.6 million for Q2 2024, with a net loss attributable to Enhabit, Inc. of $0.2 million. The company achieved adjusted EBITDA of $25.2 million and adjusted EPS of $0.07, showing improvements in key metrics and continued progress in its growth strategies.
Total admissions grew 6.4% year over year, driven by a 25.2% increase in non-Medicare admissions.
Adjusted EBITDA increased 5.4% year over year to $25.2 million, reflecting effective cost management and revenue growth.
Hospice average daily census increased 2.7% year over year, with sequential growth each month since January 2024.
The company reduced bank debt by $15 million in the quarter and opened a new home health location in Florida.
Enhabit updated its full-year 2024 guidance, adjusting net service revenue and adjusted EPS ranges while narrowing the adjusted EBITDA range.
Visualization of income flow from segment revenue to net income
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