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Sep 30, 2020
Encompass Health Q3 2020 Earnings Report
Reported results for the third quarter of 2020.
Key Takeaways
Encompass Health reported its Q3 2020 results, with net operating revenues of $1,173.9 million and adjusted earnings per share of $0.78. The company's volumes recovered substantially, and they remain confident in the longer-term outlook.
Net operating revenues increased by 1.1% compared to Q3 2019.
Adjusted earnings per share decreased by 16.1% compared to Q3 2019.
Cash flows provided by operating activities increased by 51.6% compared to Q3 2019.
Adjusted free cash flow increased by 13.2% compared to Q3 2019.
Encompass Health
Encompass Health
Forward Guidance
The Company provided the following guidance for the fourth quarter of 2020.
Positive Outlook
- Net operating revenues are expected to be between $1,150 million and $1,220 million.
- Adjusted EBITDA is expected to be between $225 million and $240 million.
- Adjusted earnings per share from continuing operations attributable to Encompass Health is expected to be between $0.79 and $0.90.