Addus HomeCare Q4 revenue up 11.9% to $276.4M; full-year revenue tops $1B for first time

Addus HomeCare Corp

2023-FY EPS reported $3.83 revenue$1,058,651,000

Q4 net income $19.6M ($1.20 diluted EPS); adjusted diluted EPS $1.32 (+18.9% YoY).
Full-year 2023 net service revenue $1.06B (+11.3%); net income $62.5M vs $46.0M in 2022.
Adjusted EBITDA Q4 $34.3M (+21.3%); full-year $121.0M (+19.3%).
Personal care services organic growth 12.1% annual; hospice same-store revenue up 3.5% in Q4.
Cash $64.8M, revolver availability $335.6M; management cites strong cash flow and acquisition pipeline for 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Addus HomeCare Corp reported the fourth quarter and year ended December 31, 2023 results: revenue $276.4 million, net income $19.6 million, EPS $1.20 per diluted share.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $276.4 million
Net income: $19.6 million
EPS: $1.20 per diluted share
Result: reported results

Exact text from the filing

Net service revenues were $276.4 million for the fourth quarter of 2023, an 11.9% increase compared with $247.1 million for the fourth quarter of 2022. Net income was $19.6 million for the fourth quarter of 2023, compared with $14.8 million for the fourth quarter of 2022, while net income per diluted share was $1.20 compared with $0.91 for the same period a year ago.

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Source: SEC EDGAR

accession 0001193125-24-046224

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