Addus HomeCare Q3 revenue rises 12.6% to $270.7M; adj. EPS $1.15, up 22.3% YoY

Addus HomeCare Corp

2023-Q3 EPS reported $2.63 revenue$782,300,000

Net service revenues up 12.6% to $270.7M; net income $15.4M ($0.95 diluted EPS) vs $11.5M ($0.71) a year ago.
Adjusted net income per diluted share increased 22.3% YoY to $1.15; adjusted EBITDA rose 20% to $30.9M.
Personal care segment saw 13.9% organic same-store revenue growth; accounted for 74.6% of total revenue.
Cash from ops $21.8M; ended Q3 with $79.8M cash and $166.4M debt; $275.6M revolver availability.
Acquired Tennessee Quality Care on Aug 1, 2023; integration proceeding well; expects future strategic acquisitions.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Addus HomeCare Corp reported the first nine months ended September 30, 2023 results: revenue $782.3 million, net income $42.9 million, EPS $2.63 per diluted share.

Period: the first nine months ended September 30, 2023
Revenue: $782.3 million
Net income: $42.9 million
EPS: $2.63 per diluted share
Result: reported results

Exact text from the filing

For the first nine months of 2023, net service revenues increased 11.1% to $782.3 million from $704.1 million for the prior-year period. Net income was $42.9 million for the first nine months of 2023 compared with $31.3 million for the same period in 2022, and net income per diluted share was $2.63 compared with $1.94 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Addus HomeCare Corp reported the third quarter ended September 30, 2023 results: revenue $270.7 million, net income $15.4 million, EPS $0.95 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $270.7 million
Net income: $15.4 million
EPS: $0.95 per diluted share
Result: reported results

Exact text from the filing

today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights : • Net Service Revenues Grow 12.6% to $270.7 Million • Net Income of $15.4 Million, or $0.95 per Diluted Share • Adjusted Net Income per Diluted Share Increases 22.3% year-over-year to $1.15 • Adjusted EBITDA Increases 20.0%

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Source: SEC EDGAR

accession 0001193125-23-266181

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