Pediatrix Q3 GAAP EPS $0.26, Adjusted EPS $0.32; FY guidance $200-210M

Pediatrix Medical Group, Inc.

2023-Q3 EPS reported $0.77 revenue$1,498,197,000

Q3 GAAP EPS $0.26 vs $0.35 YoY; Adjusted EPS $0.32 vs $0.40.
Net revenue $506.6M (+3.4% YoY) but same-unit patient volume declined 1.2%.
Adjusted EBITDA $50.4M, down 13.5% from $58.3M; practice costs rose to $368.4M.
FY2023 Adjusted EBITDA guidance $200-210M; first nine months $149.6M implies soft Q4.
Terminated R1 RCM contract effective Dec 15, 2023; plans hybrid revenue cycle model.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pediatrix Medical Group, Inc. reported financial results for three months ended September 30, 2023.

Period: three months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, Pediatrix Medical Group, Inc., a Florida corporation (the “Company”), issued a press release announcing the results of its operations for the three months and nine months ended September 30, 2023 (the “Third Quarter Release”). A copy of the Third Quarter Release is attached hereto as Exhibit 99.1 and is hereby incorporated in this Current Report by reference.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pediatrix Medical Group, Inc. reported financial results for nine months ended September 30, 2023.

Period: nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, Pediatrix Medical Group, Inc., a Florida corporation (the “Company”), issued a press release announcing the results of its operations for the three months and nine months ended September 30, 2023 (the “Third Quarter Release”). A copy of the Third Quarter Release is attached hereto as Exhibit 99.1 and is hereby incorporated in this Current Report by reference.

View on SEC.gov

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Pediatrix Medical Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-057732

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