earnings
confidence high
sentiment neutral
materiality 0.60
AdaptHealth Q2 revenue $806M (+1.6% YoY); net income $19.4M; narrows guidance
AdaptHealth Corp.
2024-Q2 EPS reported
$0.12
revenue$1,598,472,000
- Net revenue $806.0M vs $793.3M YoY; net income $19.4M (+39%); adjusted EBITDA $165.3M (-3.3%).
- Year-to-date operating cash flow $247.0M (+$20.4M YoY); free cash flow $77.9M (+$23.1M).
- Signed definitive agreement to divest certain non-core assets; closing expected Q3 2024.
- FY2024 guidance: net revenue $3.255-3.315B, adj. EBITDA $660-700M, free cash flow $160-180M.
- CEO Suzanne Foster noted results in line with expectations; optimistic about unified team effort.