earnings
confidence high
sentiment positive
materiality 0.80
Ardent Health Q2 revenue $1.47B, adj. EBITDA $122M (+20%); issues FY24 guidance
Ardent Health, Inc.
2024-Q2 EPS reported
$0.55
revenue$2,909,966,000
- Q2 revenue $1.47B (+7.5% YoY); net income attributable $43M ($0.34/share).
- Adjusted EBITDA $122M, up 20% YoY; adjusted admissions +3.4%.
- Full-year 2024 guidance: revenue $5.75-5.90B, Adj. EBITDA $415-435M.
- Cash from ops $120M (+$77M YoY); prepaid $100M term loan; net leverage 2.3x.
- IPO net proceeds $209M (13.8M shares at $16); pro forma liquidity ~$832M.