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Mar 31, 2024
Pediatrix Q1 2024 Earnings Report
Pediatrix reported earnings for the first quarter of 2024.
Key Takeaways
Pediatrix Medical Group reported first quarter results with a net revenue of $495.1 million and earnings of $0.05 per share. The company's Adjusted EPS was $0.20 and Adjusted EBITDA was $37.2 million.
Net revenue for the quarter was $495.1 million, compared to $491.0 million for the prior-year period.
Net income was $4.0 million, or $0.05 per diluted share.
Adjusted EBITDA was $37.2 million, compared to $40.1 million for the prior-year period.
Same-unit revenue increased by 2.3 percent, driven by a 1.3 percent increase in patient volume and a 1.0 percent increase from net reimbursement-related factors.
Forward Guidance
Pediatrix anticipates that its 2024 Adjusted EBITDA will be in a range of $200 million to $220 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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