Jun 30, 2022

Encompass Health Q2 2022 Earnings Report

Encompass Health reported strong demand for inpatient rehabilitation services and affirmed its 2022 guidance.

Key Takeaways

Encompass Health Corporation reported its results of operations for the second quarter ended June 30, 2022. Second quarter discharge growth was 4.9%, on top of 18.7% discharge growth in the second quarter of 2021.

Second quarter discharge growth was 4.9%, on top of 18.7% discharge growth in the second quarter of 2021.

Net operating revenues increased by 3.3% compared to Q2 2021.

Adjusted earnings per share decreased by 23.9% compared to Q2 2021.

The Company is affirming its guidance for its ongoing inpatient rehabilitation business for full-year 2022.

Total Revenue
$1.33B
Previous year: $1.29B
+3.3%
EPS
$0.89
Previous year: $1.17
-23.9%
Net patient revenue per discharge
$20K
Previous year: $19.7K
+1.3%
Discharges
51.9K
Previous year: 49.49K
+4.9%
Gross Profit
$1.28B
Previous year: $1.24B
+3.2%
Cash and Equivalents
$187M
Previous year: $73.2M
+154.8%
Free Cash Flow
$128M
Previous year: $142M
-10.2%
Total Assets
$7.08B
Previous year: $6.61B
+7.1%

Encompass Health

Encompass Health

Encompass Health Revenue by Segment

Forward Guidance

The Company is affirming its guidance for its ongoing inpatient rehabilitation business for full-year 2022.

Positive Outlook

  • Net operating revenues $4,250 to $4,300 million
  • Adjusted EBITDA $820 to $840 million
  • Adjusted earnings per share from continuing operations attributable to Encompass Health $2.77 to $2.91

Revenue & Expenses

Visualization of income flow from segment revenue to net income