earnings
confidence high
sentiment positive
materiality 0.70
Astrana Q1 revenue $404.4M (+20% YoY), net income $14.8M (+13%), EPS $0.31
Astrana Health, Inc.
2024-Q1 EPS reported
$0.31
revenue$404,356,000
- Total revenue $404.4M (+20% YoY); net income attributable $14.8M (+13%); diluted EPS $0.31 (+11%).
- Adjusted EBITDA $42.2M (+42% YoY); full-year 2024 guidance reaffirmed: revenue $1.65-1.85B, adj. EBITDA $165-185M.
- Completed largest acquisition (CFC) on Mar 31 and acquired PCCCV (~26K Medicaid members) on Mar 29.
- Organic membership growth 10% YTD; total lives ~1M; full-risk capitation expected ~60% of total capitation revenue as of Apr 1.
- Opened two new de novo clinics in Nevada in April.