Enhabit Q3 net revenue $265.7M (-3% YoY); cuts FY 2022 guidance across all metrics

Enhabit, Inc.

2022-Q3 EPS reported $1.10 revenue$808,000,000

Net revenue $265.7M (-3% YoY); net income $8.6M (-60.2%); adjusted EPS $0.19 vs $0.50.
Home health revenue $216.3M (-2.2%); hospice revenue $49.4M (-6.4%).
FY 2022 guidance lowered: revenue $1.07-1.08B, Adj. EBITDA $150-155M, Adj. EPS $1.37-1.50.
Completed acquisitions of Caring Hearts and Unity Hospice, adding 5 locations in TX and AZ.
Sequestration, labor costs, and payor mix shift to non-episodic hurt results.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Enhabit, Inc. reported third quarter ended September 30, 2022 results: revenue $265.7 million, net income $8.6 million, EPS $0.17.

Period: third quarter ended September 30, 2022
Revenue: $265.7 million
Net income: $8.6 million
EPS: $0.17
Result: reported results

Exact text from the filing

Net service revenue of $265.7 million, declined 3.0% from Q3’21 • Net income of $8.6 million, declined 60.2% from Q3’21 • Adjusted EBITDA of $31.7 million, down 26.3% from Q3’21 • Earnings per diluted share of $0.17 • Adjusted earnings per diluted share of $0.19

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Enhabit, Inc. updated its full-year 2022 guidance (lowered).

Period: full-year 2022
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company updated its full-year 2022 guidance as follows: Full-year 2022 Revised Guidance Prior Guidance Net Service Revenue between $1,070 and $1,080 million between $1,075 and $1,110 million Adjusted EBITDA between $150 and $155 million between $155 and $170 million Adjusted EPS between $1.37 and $1.50 between $1.47 and $1.75

View on SEC.gov

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Enhabit, Inc. filing history →

Source: SEC EDGAR

accession 0001803737-22-000110

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