secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001803737-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000075/0001803737-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000075/ehab-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001803737-23-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer