secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001803737-24-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enhabit Q4 net loss $6.4M, adjusted EPS $0.06; FY2024 guidance expects $98-$110M EBITDA
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- Q4 net service revenue $260.6M (-1% YoY); net loss $6.4M vs $95.2M loss in prior year (includes $109M goodwill impairment then).
- Home health total admissions +3.9% with non-episodic admissions up 34.2%; revenue down due to payor mix shift of ~$8M.
- Hospice revenue +7.8% to $51.1M; adjusted EBITDA doubled to $11.7M on higher revenue per day and cost controls.
- FY2024 guidance: net service revenue $1.076B-$1.102B, adjusted EBITDA $98M-$110M, adjusted EPS $0.12-$0.43.
- Payor innovation added 11 new Medicare Advantage agreements; 25% of non-episodic visits now under innovation contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000180373724000036/0001803737-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000180373724000036/ehab-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001803737-24-000036

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