earnings
confidence high
sentiment negative
materiality 0.75
Enhabit Q3 net loss $110.2M, adjusted EBITDA $24.5M, guides revenue down
Enhabit, Inc.
2024-Q3 EPS reported
-$2.20
revenue$776,600,000
- Net loss $110.2M ($2.20 EPS); adjusted EPS $0.03; revenue $253.6M, down 1.8% YoY.
- Home health revenue down 4.7%; hospice revenue up 11.0% on 6.9% higher patient days.
- Adjusted EBITDA $24.5M (+5.6% YoY); bank debt reduced by $10M in quarter.
- FY2024 guidance cut: revenue $1,031-1,046M (prev $1,050-1,063M), adj. EBITDA $98-102M.
- Non-Medicare admissions up 20.1% in home health; hospice average daily census +6.9% YoY.