Addus HomeCare Q4 revenue $224.6M (+14.6%); net income up 54.6%; adj. EPS $0.97

Addus HomeCare Corp

2021-FY EPS reported $2.81 revenue$864,499,000

Q4 net service revenue $224.6M, up 14.6% YoY; net income $13.1M, up 54.6%; diluted EPS $0.81 vs $0.53.
Adjusted EPS $0.97, up 18.3%; adjusted EBITDA $26.7M, up 27.5%.
Personal care same-store revenue grew 8.0% (target 3-5%), driven by Illinois rate increases.
Full year 2021 revenue $864.5M (+13% YoY); net income $45.1M (+36.2%); adj. EPS $3.63 (+17.9%).
Recently acquired JourneyCare and Summit Home Health; now offers all three levels of home care in Illinois.

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