Welcome to our dedicated page for Addus Homecare news (Ticker: ADUS), a resource for investors and traders seeking the latest updates and insights on Addus Homecare stock.
Addus HomeCare Corp (ADUS) provides essential in-home care services including personal care, hospice support, and home health solutions for elderly and chronically ill patients. This news hub offers investors and industry professionals timely access to official company updates and market-relevant developments.
Track ADUS's financial performance, service expansions, and strategic partnerships through verified press releases and news analysis. Our curated collection ensures you stay informed about regulatory changes, operational milestones, and leadership announcements impacting the in-home care sector.
Key updates include earnings reports, acquisitions, regulatory filings, and innovations in non-medical assistance programs. Bookmark this page for reliable ADUS news coverage that prioritizes factual accuracy and comprehensive reporting on home care industry trends.
Addus HomeCare (NASDAQ: ADUS) reported strong Q4 2024 financial results with net service revenues growing 7.5% to $297.1 million. Net income was $19.5 million ($1.07 per diluted share), while adjusted EBITDA increased 10.3% to $37.8 million.
For full-year 2024, revenues increased 9.1% to $1.15 billion, with net income of $73.6 million ($4.23 per diluted share). Personal care services, accounting for 74.1% of revenue, achieved 5.8% organic growth in Q4. The company completed the acquisition of Gentiva personal care operations on December 2, 2024, adding approximately $280 million in annualized revenues across seven states.
As of December 31, 2024, Addus had cash of $98.9 million and bank debt of $223.0 million, with $346.6 million available under its revolving credit facility. Operating cash flow was $10.4 million for Q4 and $116.4 million for full-year 2024.
Addus HomeCare (ADUS) has scheduled its fourth quarter and year-end 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call on Tuesday, February 25, 2025, at 9:00 a.m. Eastern Time, featuring Chairman and CEO Dirk Allison, CFO Brian Poff, and President and COO Brad Bickham.
Investors can access the live call by dialing (833) 629-0620 (international: (412) 317-1805). A replay will be available until March 4, 2025, via (877) 344-7529 (international: (412) 317-0088) using pass code 3644763. The call will also be broadcast live on the company's website, with a one-month replay available.
Addus HomeCare (ADUS) has completed the acquisition of Gentiva's personal care operations, serving over 16,000 consumers daily across seven states: Arizona, Arkansas, California, Missouri, North Carolina, Tennessee, and Texas. The acquisition, adding approximately $280 million in annualized revenues, was funded through cash from a recent public stock offering and existing credit facilities. The deal positions Addus as the largest personal care provider in Texas and expands its market presence significantly. Both companies' transition teams have been collaborating for six months to ensure smooth integration of operations.
Addus HomeCare (ADUS) announced its participation in the Stephens Annual Investment Conference in Nashville, Tennessee, scheduled for November 19-21. Key executives including Chairman and CEO Dirk Allison, President and COO Brad Bickham, and EVP/CFO Brian Poff will represent the company.
The company's presentation will be broadcast live starting at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time on Tuesday, November 19, 2024. Investors can access both the live broadcast and a one-month replay through the Investor Relations section of www.addus.com.
Addus HomeCare reported strong Q3 2024 financial results with net service revenues increasing 7.0% to $289.8 million. Net income reached $20.2 million ($1.10 per diluted share), while adjusted EBITDA grew 11.1% to $34.3 million. The company's personal care segment, representing 74.3% of revenues, achieved 6.8% organic growth. Cash flow from operations was $48.5 million, and the company maintained strong liquidity with $222.9 million in cash. Addus announced plans to acquire Gentiva's personal care operations, expanding their service area to seven new states.
Addus HomeCare (Nasdaq: ADUS), a provider of home care services, has announced its schedule for the release of third quarter 2024 earnings. The company will disclose its financial results for the quarter ended September 30, 2024, on Monday, November 4, 2024, after the market close. Following this, Addus HomeCare will host a conference call on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time.
Key executives participating in the call include Dirk Allison (Chairman and CEO), Brian Poff (Executive Vice President and CFO), and Brad Bickham (President and COO). Interested parties can access the live call by dialing (833) 629-0620 (US) or (412) 317-1805 (international) and requesting to join the Addus HomeCare earnings call.
A telephonic replay will be available until November 12, 2024, and a live broadcast can be accessed through the company's website at www.addus.com.
Addus HomeCare (NASDAQ: ADUS) reported strong Q2 2024 financial results. Key highlights include:
- Net service revenues increased 10.4% to $286.9 million
- Net income of $18.1 million, or $1.10 per diluted share
- Adjusted EBITDA increased 24.7% to $35.3 million
- Announced agreement to acquire Gentiva's personal care operations
- Completed public offering of 1,725,000 shares for net proceeds of ~$176.1 million
The company's strong performance was driven by robust demand for home-based care services, particularly in personal care, which accounted for 74.2% of revenues. Addus is well-positioned for continued growth through organic expansion and strategic acquisitions.
Addus HomeCare (Nasdaq: ADUS), a provider of home care services, has announced its schedule for the release of second quarter 2024 earnings and the subsequent conference call. The company will release its financial results for the quarter ended June 30, 2024, on Monday, August 5, 2024, after the market close. A conference call will follow on Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time.
Key executives participating in the call include Dirk Allison (Chairman and CEO), Brian Poff (Executive Vice President and CFO), and Brad Bickham (President and COO). Investors can access the live call by dialing (833) 629-0620 (US) or (412) 317-1805 (international). A replay will be available until August 13, 2024. The call will also be broadcast live on the company's website, with an online replay available for one month.
Addus HomeCare (Nasdaq: ADUS) has successfully closed a public offering of 1,725,000 shares of its common stock, including 225,000 shares sold via an underwriters' option. The shares were priced at $108.00 each, generating approximately $176 million in net proceeds after underwriting discounts and expenses.
Out of these funds, $81.4 million will be used to repay outstanding indebtedness under Addus's credit facility. The remaining balance is earmarked for general corporate purposes, which covers previously announced acquisitions, including the personal care assets of Gentiva, and future investments or acquisitions. The offering did not involve any selling stockholders.
BofA Securities and Jefferies led the offering, with Oppenheimer, Raymond James, RBC Capital Markets, and Stephens Inc. acting as co-managers. The SEC approved the automatic shelf registration statement on September 2, 2022, with the final prospectus supplement dated June 26, 2024.
Addus HomeCare (Nasdaq: ADUS) announced the pricing of an underwritten public offering of 1,500,000 shares of common stock at $108.00 per share, aiming to raise $162 million in gross proceeds. The underwriters have a 30-day option to purchase an additional 225,000 shares. Addus plans to allocate approximately $81.4 million of the net proceeds for repaying its outstanding credit facility debt, with the remainder used for general corporate purposes, including the acquisition of Gentiva's personal care assets and potential future acquisitions. The offering is anticipated to close around June 28, 2024, subject to standard closing conditions. BofA Securities and Jefferies are leading the offering, with Oppenheimer & Co., Raymond James, RBC Capital Markets, and Stephens Inc. acting as co-managers.
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