earnings
confidence high
sentiment negative
materiality 0.85
Enhabit Q2 net loss $74.1M; cuts FY23 guidance; plans strategic alternatives process
Enhabit, Inc.
2023-Q2 EPS reported
-$1.44
revenue$527,400,000
- Q2 net loss $74.1M ($1.49 diluted loss per share); adjusted EPS $0.04, down 91.5% YoY.
- Revenue $262.3M, down 2.1% YoY; adjusted EBITDA $23.9M, down 40.7% YoY.
- Full-year 2023 guidance slashed: revenue $1,057-$1,065M (from $1,110-$1,140M), adjusted EBITDA $100-$107M.
- Announced intent to launch strategic alternatives process, including potential sale, subject to Tax Matters Agreement conditions with Encompass Health.