earnings
confidence high
sentiment neutral
materiality 0.70
RadNet Q2 2022 revenue up 6.1% to $354.4M; reaffirms full-year guidance
RadNet, Inc.
2022-Q2 EPS reported
$0.18
revenue$696,141,000
- Revenue $354.4M (+6.1% YoY); Imaging Centers revenue $352.8M (+5.7%).
- Imaging Centers Adj. EBITDA $55.5M, down 3.2% YoY; overall Adj. EBITDA $51.3M vs $56.6M.
- Diluted EPS $0.13 (vs $0.05); adjusted diluted EPS $0.15 from $8.6M adjusted earnings.
- Procedural volumes: aggregate +4.5%, same-center +2.2%; MRI/CT/PET volumes up 8%/7%/10%.
- Reaffirms FY 2022 guidance except capex raised to $90-95M; cash $99.2M, $195M credit line.