earnings
confidence high
sentiment negative
materiality 0.75
AdaptHealth Q2 net income drops to $14M; revenue up 18% on CPAP supply challenges
AdaptHealth Corp.
2022-Q2 EPS reported
$0.24
revenue$1,433,817,000
- Net revenue $727.6M, up 17.9% YoY; non-acquired revenue declined 0.3%.
- Net income attributable $14.0M ($0.09 diluted EPS) vs $79.1M ($0.12) in Q2 2021.
- Adjusted EBITDA $150.0M, up 1.8% YoY; margin improved 110 bps sequentially to 20.6%.
- Sleep categories showed strong sequential growth as PAP machine supply improves.
- FY2022 guidance maintained: revenue $2.84-3.04B, adjusted EBITDA $615-675M.