Lynette B. Walbom
Effective May 22, 2023, the Board of Directors (the “Board”) of The Pennant Group, Inc. (the “Company”) appointed Ms. Lynette B. Walbom, age 46, as the Company’s Chief Financial Officer.
Highest-materiality recent filing
Pennant Group Q2 2026: GAAP EPS $0.25, revenue up 35.8% to $298M; on pace to exceed guidance
GAAP diluted EPS $0.25; adjusted diluted EPS $0.36; net income $9.1M (+28.2% YoY).
Pennant Group annual meeting elects three Class I directors, ratifies auditor, approves say-on-pay
Three Class I directors elected: Christensen (21.6M for), Guerisoli (22.6M for), Nackel (21.7M for).
Pennant Group Q1 GAAP EPS $0.24, revenue $285.4M (+36%); adjusted EPS $0.32
GAAP diluted EPS $0.24; adjusted diluted EPS $0.32, up 33% YoY.
Pennant Group Q4 revenue $289.3M (+53% YoY); FY2025 GAAP EPS $0.84, adjusted EPS $1.18
Full year revenue $947.7M (+36.3% YoY); net income $29.6M (+31.1% YoY).
Acquisition of home health/hospice subsidiaries from UnitedHealth and Amedisys closed on October 1, 2025.
Pennant Group Q3 revenue up 26.8% to $229M; adjusted EPS $0.30; completes 54-location acquisition
GAAP diluted EPS $0.17; adjusted diluted EPS $0.30; adjusted net income $10.4M (+27.6% YoY).
Pennant Group expands credit facility by $100M to $350M via incremental term loan
Incremental term loan A of $100M added to existing credit facility, increasing total to $350M.
Pennant closes $146.5M purchase of 54 home health/hospice locations in TN, GA, AL from UnitedHealth
Purchase price $146.5M; trailing twelve-month revenue of acquired operations $189.3M.
Pennant completes $146.5M acquisition of 54 home health/hospice locations from UnitedHealth/Amedisys
Acquisition includes home health, hospice and personal care operations in Tennessee, Georgia and Alabama.
Purchase price increased from $102.5M to $146.5M via First Amendment; adds entities and locations.
Pennant Q2 2025: GAAP EPS $0.20, adjusted $0.27; revenue up 30.1% to $219.5M
Net income $7.1M (+24.5% YoY); adjusted net income $9.4M (+28.2%); adjusted EBITDA $16.4M (+24.5%).
Pennant Group annual meeting passes all proposals; director and say-on-pay see notable dissent
Class III director Stephen M.R. Covey elected with 17,627,587 votes for (69%); 8,061,411 against.
Pennant Group Q1 GAAP EPS $0.22, revenue up 33.7% to $209.8M; beats prior year substantially
GAAP diluted EPS $0.22; adjusted diluted EPS $0.27; net income $7.8M (+58.5% YoY).
Pennant Group to acquire home health/hospice assets from UnitedHealth/Amedisys for $102.5M
Acquisition price $102,484,000, subject to pre- and post-closing adjustments, paid in cash.
Pennant Group Q4/FY2024: revenue up 27.6% to $695M; adj. EPS $0.94
GAAP diluted EPS $0.70 full year, $0.16 Q4; adjusted diluted EPS $0.94 full year, $0.24 Q4.
Pennant completes $48.5M Oregon acquisition of Signature Healthcare at Home
Oregon portion closed Jan 1, 2025; total two-stage acquisition now complete.
Pennant Group Q3 net income up 42% to $6.2M; revenue rises 29% to $180.7M
GAAP diluted EPS $0.20; adjusted diluted EPS $0.26 for Q3 2024.
Pennant Group closes public offering of 4,025,000 shares, net proceeds ~$118.5M
Issued 4,025,000 shares at a public offering, including full underwriter option exercise of 525,000 shares.
Pennant Q2 revenue up 27.6% to $168.7M; EPS $0.18, adj. EPS $0.24
GAAP diluted EPS $0.18; adjusted diluted EPS $0.24. Net income $5.7M (+103.4% YoY).
Pennant Group increases credit facility by $100M to $250M, extends maturity to 2029
New $250M credit facility replaces prior $150M facility, adding $100M in borrowing capacity.
Pennant Group agrees to buy Signature Healthcare at Home assets for $80M
$80M purchase price covers affiliates in OR, WA, ID; two separate purchase agreements.
Pennant Group annual meeting results: all director nominees elected, say-on-pay passes
Scott E. Lamb elected with 18.9M for, 2.4M against; Morris 19.8M for, 1.5M against; Smith 14.4M for, 7.0M against.
Pennant Group Q1 2024: revenue $156.9M (+24%), adj EPS $0.20, net income up 165%
GAAP EPS $0.16, adjusted EPS $0.20; adjusted net income $6.0M up 55% YoY.
Pennant Group to present at 2024 Oppenheimer Healthcare Conference on March 13
CFO Lynette Walbom and President/COO John Gochnour to host fireside chat.
Pennant Q4 revenue $146M (+17% YoY), adj. EPS $0.22; FY revenue $545M (+15%)
GAAP diluted EPS $0.14 (Q4) and $0.44 (FY); adjusted EPS $0.22 (Q4) and $0.73 (FY).
Pennant Group Q3 GAAP EPS $0.15, adjusted $0.20; revenue $140.2M up 18.5% YoY
GAAP diluted EPS $0.15, adjusted diluted EPS $0.20; net income $4.4M up 44.4% YoY.
Pennant Group Q2 GAAP EPS $0.09, adj. EPS $0.18; revenue up 13.7% to $132.3M
Total revenue $132.3M (+13.7% YoY); GAAP net income $2.8M (+204.5%); adjusted net income $5.4M (+30.4%).
Pennant Group amends credit agreement to replace LIBOR with SOFR-based rates
Second Amendment to Credit Agreement replaces LIBOR-based rates with SOFR-based rates for the $150M revolving facility, effective June 12, 2023.
Pennant Group annual meeting results: three directors elected, auditor ratified, say-on-pay approved
Christensen (15.3M for) and Nackel (14.4M for) elected despite ~5.6M and ~6.5M against; Guerisoli (20.8M for) elected with minimal opposition.
Pennant Group appoints Lynette Walbom as CFO; Freeman transitions to SVP role
Walbom appointed CFO effective May 22, 2023; previously VP of Financial Reporting at Raising Cane's.
Pennant Group Q1 GAAP EPS $0.06, adjusted $0.13; revenue $126.5M (+11% YoY)
GAAP diluted EPS $0.06; adjusted diluted EPS $0.13; net income $1.9M (+82.4% YoY).
Pennant Group appoints Barry Smith Chairman, CEO Guerisoli to board; Walker resigns
Daniel Walker resigned as Chairman and from the board, effective Feb 28, 2023, to focus on family and charity.
GAAP diluted EPS Q4 $0.12, full year $0.22; adjusted diluted EPS Q4 $0.18, full year $0.57.
Pennant Group authorizes $1M share repurchase program through December 2023
Board approved repurchase of up to $1.0M of common stock; expires Dec 12, 2023.
Pennant Group initiates CFO search; Freeman interim; Bunker resigns
Initiated external search for new CFO; current CFO Jennifer L. Freeman serves as interim.
Pennant Group Q3 revenue up 5.7% to $118.4M; GAAP EPS $0.16, adjusted $0.14
Total revenue $118.4M (+5.7% YoY); net income $4.8M; adjusted EBITDA $7.9M (+21.6%).
Pennant reports Q2 GAAP loss of $0.09, adjusted EPS $0.14; revenue $116.3M up 5.4% YoY
GAAP diluted loss per share $0.09; adjusted diluted EPS $0.14.
CEO Daniel Walker resigns effective Aug 1; consulting agreement through Dec 31
Daniel Walker resigned as CEO effective August 1, 2022; consulting agreement runs through December 31, 2022.
Pennant Group CEO Daniel Walker to step down August 1; President Brent Guerisoli named CEO
Daniel Walker resigns as CEO effective Aug 1, 2022, remains Chairman of the Board.
Pennant Group annual meeting elects directors, approves say-on-pay
Directors Stringfield and Covey elected with 23.8M and 18.8M votes for, respectively.
Pennant Group Q1 2022: GAAP EPS $0.03, adj. EPS $0.11; revenue $113.9M (+7.8% YoY)
Net income $1.0M; adjusted EBITDA $6.1M; adjusted EBITDAR $15.2M.
Pennant Q4 GAAP loss per share $0.08; full year revenue rises 12.5% to $439.7M
GAAP diluted EPS: full year $0.09, Q4 $(0.08); adjusted EPS: full year $0.46, Q4 $0.07.
Pennant Group adopts majority voting standard for director elections
Board approved Bylaw amendment on Feb 21, 2022, establishing majority voting in uncontested elections.
Pennant to transfer operations of five senior living communities to Ensign, expects accretion
Transfer of 5 senior living communities in WA, AZ, CA to Ensign affiliates; closes H1 2022 subject to approvals.
Pennant Group appoints Gregory K. Morris to board, Rod Lewis retiring Dec 31
Roderic W. Lewis resigns from board effective Dec 31, 2021 for personal reasons; no disagreement with company.
Pennant Group Q3 GAAP EPS $0.04, adjusted $0.11; revenue $111.9M (+13.7% YoY)
GAAP diluted EPS $0.04, adjusted diluted EPS $0.11; net income $1.2M.
Pennant pre-announces weak Q3; cuts FY2021 adj. revenue and EPS guidance
Preliminary Q3 adj. revenue $111.9M; net income $1.2M (diluted EPS $0.04); adj. EPS $0.11.
Pennant Group Q2 GAAP EPS $0.09, adjusted $0.17; revenue $110.3M (+19% YoY)
Total revenue $110.3M, up 19.0% YoY; Home Health & Hospice segment revenue $78.1M (+34.7%).
Effective May 22, 2023, the Board of Directors (the “Board”) of The Pennant Group, Inc. (the “Company”) appointed Ms. Lynette B. Walbom, age 46, as the Company’s Chief Financial Officer.
Also effective May 22, 2023, Ms. Jennifer L. Freeman stepped down from her role as the Company’s Interim Chief Financial Officer.
the Board appointed (i) Mr. Barry Smith as Chairman of the Board
On February 28, 2023, Mr. Daniel Walker notified the Board of Directors (the “Board”) of The Pennant Group, Inc. (the “Company”) of his resignation as Chairman of the Board.
Mr. Bunker’s resignation is effective December 31, 2022.
Pennant’s current CFO, Jennifer L. Freeman, will act as interim CFO until a new CFO is appointed.
As previously disclosed, Mr. Daniel Walker resigned as the Chief Executive Officer of The Pennant Group, Inc. (the “Company”), effective August 1, 2022.
Also on June 7, 2022, the Board appointed (i) Mr. Brent Guerisoli, the Company’s current President, as Chief Executive Officer, and (ii) Mr. John Gochnour, the Company’s current Chief Operating Officer, as President, with both such appointments to be effective August 1, 2022.
Also on June 7, 2022, the Board appointed (i) Mr. Brent Guerisoli, the Company’s current President, as Chief Executive Officer, and (ii) Mr. John Gochnour, the Company’s current Chief Operating Officer, as President, with both such appointments to be effective August 1, 2022.
On June 7, 2022, Mr. Daniel Walker notified the Board of Directors (the “Board”) of The Pennant Group, Inc. (the “Company”) of his resignation as Chief Executive Officer of the Company, effective August 1, 2022.
the Board of Directors (the “Board”) of The Pennant Group, Inc. (the “Company”), upon the recommendation of the Nominating and Governance Committee (the “Nominating Committee”) of the Board, appointed Gregory K. Morris to serve on the Board of the Company effective January 1, 2022.
Mr. Roderic W. Lewis has informed The Pennant Group, Inc. (the “Company”) of his decision to resign from its Board of Directors (the “Board”) for personal reasons, effective December 31, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings