Addus Q2 revenue up 10.4% to $286.9M, adjusted EPS $1.35; announces $350M Gentiva acquisition

Addus HomeCare Corp

2024-Q2 EPS reported $2.06 revenue$567,668,000

Net service revenues $286.9M (+10.4% YoY); net income $18.1M ($1.10 diluted EPS).
Adjusted EBITDA $35.3M (+24.7%); adjusted EPS $1.35 vs $1.07 prior year.
Personal care same-store revenue up 8.8% YoY; hospice segment 6.3% organic growth.
Definitive agreement to acquire Gentiva's personal care ops for ~$350M; expected close Q4 2024.
Completed public offering of 1.725M shares at $108/share, net proceeds $176.1M; also selling NY operations.

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