earnings
confidence high
sentiment neutral
materiality 0.75
Astrana Health Q3 revenue up 37% to $478.7M; net income down 27% to $16.1M
Astrana Health, Inc.
2024-Q3 EPS reported
$1.04
revenue$1,369,331,000
- Q3 net income $16.1M (-27% YoY); diluted EPS $0.33 (-30%); adjusted EBITDA $45.2M (-13%).
- Care Partners revenue $455.8M (+42% YoY); total revenue $478.7M (+37%).
- Closed acquisition of Collaborative Health Systems for $37.5M plus up to $21.5M earnout on Oct 4.
- FY2024 guidance raised: revenue $1.95B-$2.03B, adjusted EBITDA $165M-$175M, EPS $1.06-$1.19.
- Nine-month revenue $1.37B (+32%); net income $50.1M (+4%); adjusted EBITDA $135.3M (+15%).