secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001803737-23-000158
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enhabit Q3 net loss $2.4M; cuts 2023 guidance; amends credit covenant to 6.75x
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- Q3 net service revenue $258.3M (down 2.8% YoY); adjusted EBITDA $23.2M (down 26.8%); adjusted EPS $0.03 vs $0.19.
- FY2023 guidance revised: revenue $1,044-1,048M (from $1,057-1,065M), adj. EBITDA $93-98M (from $100-107M).
- Credit amendment raises max leverage to 6.75x through Q1 2024; revolver cut from $350M to $220M.
- Home health total admissions up 1.6% YoY; non-episodic admissions +33.5%; cost per visit +1.1%.
- Hospice revenue down 4% YoY; cost per day up 8.5%; hospice cost per day stabilized QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000158/0001803737-23-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000158/ehab-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001803737-23-000158

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