---
schema_version: "secwatch.filing_event.v1"
accession: "0001803737-23-000075"
form_type: "8-K"
ticker: "EHAB"
cik: "0001803737"
company_name: "Enhabit, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:45:20.771222+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Enhabit Q1 revenue $265.1M, Adj EBITDA down 46% YoY; reaffirms FY guidance

## Summary
- Q1 net service revenue $265.1M (-3.4% YoY); net income $3.2M ($0.05 EPS), adjusted EPS $0.09 vs $0.56 prior.
- Adjusted EBITDA $25.3M (9.5% margin) vs $47M (17.1%) YoY; shift to non-episodic and sequestration hurt revenue ~$10M.
- Home health admissions up 1.2% YoY on 31.9% surge in non-episodic admissions; hospice admissions down 3.8% YoY.
- New national Medicare Advantage payor agreement and two convener agreements effective May 1, 2023.
- Full-year 2023 guidance reaffirmed: revenue $1.11-1.14B, Adj EBITDA $125-140M, adjusted EPS $0.50-$0.89.

## SEC filing metadata
- accession: 0001803737-23-000075
- form_type: 8-K
- ticker: EHAB
- cik: 0001803737
- company_name: Enhabit, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000075/0001803737-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000075/ehab-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803737-23-000075
- JSON: https://secwatch.observer/filing/0001803737-23-000075.json
- Plain text: https://secwatch.observer/filing/0001803737-23-000075.txt

## Key facts
- Earnings Releases
  Enhabit, Inc. updated its the first quarter ended March 31, 2023 guidance (reaffirmed).
  - Period: the first quarter ended March 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 9, 2023, Enhabit, Inc. (the “Company”) issued a press release reporting the financial results of the Company for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803737/000180373723000075/0001803737-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.