Addus Homecare Corp Stock Price, News & Analysis

Addus HomeCare Corporation (NASDAQ: ADUS) reported Q4 and full-year 2022 financial results, highlighting a 10.0% revenue increase to $247.1 million in Q4 and $951.1 million for the year. Net income rose to $14.8 million in Q4, with adjusted earnings per diluted share at $1.11. Adjusted EBITDA for Q4 grew 5.4% to $28.2 million. Despite challenges like staffing shortages and inflation, Addus maintained cash flow from operations at $24.3 million in Q4. The company continues to invest in technology and acquisitions, anticipating a favorable acquisition environment in 2023, with a strong focus on expanding clinical services.

Addus HomeCare Corporation (Nasdaq: ADUS) announced that its Chairman and CEO, Dirk Allison, along with CFO Brian Poff, will participate in the Raymond James & Associates 44th Annual Institutional Investors Conference from March 5-8, 2023, in Orlando, Florida. A live broadcast of their presentation will be available on the company's website, starting at 9:15 a.m. ET on March 8. The replay will remain accessible for one month. Addus HomeCare offers critical personal care and home health services to approximately 46,500 consumers across 202 locations in 22 states.

Addus HomeCare Corporation (NASDAQ: ADUS) announced it will release its earnings for the fourth quarter and year ended December 31, 2022, on February 27, 2023, after market close. A conference call will follow on February 28, 2023, at 9:00 a.m. ET, featuring key executives including Chairman and CEO Dirk Allison. Investors can join the call by dialing (833) 629-0620. The call will be accessible through a replay until March 7, 2023, and a live broadcast will be available on the Company’s website.

Addus HomeCare provides home care services to approximately 46,500 consumers across 202 locations in 22 states.

Addus HomeCare Corporation (Nasdaq: ADUS) has announced participation in the Stephens Annual Investment Conference from November 15-17, 2022, in Nashville, Tennessee. Key executives, including CEO Dirk Allison, President Brad Bickham, and CFO Brian Poff, will represent the company. A live broadcast of their presentation will be available on the company’s website starting at 10:00 a.m. Eastern Time on November 16. Addus HomeCare provides essential home care services to approximately 46,500 consumers across 22 states, aiming to assist those at risk of hospitalization or institutionalization.

Addus HomeCare Corporation (NASDAQ: ADUS) reported an 11.0% increase in third-quarter revenue, totaling $240.5 million, compared to $216.7 million in Q3 2021. Net income slightly declined to $11.5 million or $0.71 per diluted share. Adjusted EBITDA was $25.7 million, up 3.4% year-over-year. The overall service revenue for the first nine months rose 10.0% to $704.1 million. The acquisition of Apple Home Healthcare is expected to further enhance growth, adding approximately $65 million in annualized revenue.

Addus HomeCare Corporation (NASDAQ: ADUS) will release its third quarter earnings for the period ending September 30, 2022, on October 31, 2022, after market close. A conference call will follow on November 1, 2022, at 9:00 a.m. Eastern Time, featuring Chairman and CEO Dirk Allison, CFO Brian Poff, and COO Brad Bickham. The call can be accessed via phone or through a live broadcast on the Company’s website. Addus HomeCare provides essential home care services to approximately 46,500 consumers across 207 locations in 22 states, addressing the needs of the elderly and disabled.

Addus HomeCare Corporation (NASDAQ: ADUS) announced the acquisition of Apple Home Healthcare, LTD, effective October 1, 2022. Based in Chicago, Apple serves approximately 450 patients daily and generates around $10 million in annual revenues. This move aligns with Addus's growth strategy to enhance its clinical services in the Chicago area, bolstering its market position. The acquisition was funded through cash and a revolving credit facility and is expected to positively impact financial results immediately.

Addus HomeCare Corporation (Nasdaq: ADUS) announced the passing of Steven L. Geringer, a long-serving member of its Board of Directors, on September 7, 2022. Dirk Allison, Chairman and CEO, expressed deep sorrow over Geringer's loss, highlighting his role as a leader and mentor at Addus. Geringer served as a Director since 2009 and held key positions including Chairman from January 2016 to March 2021. Addus HomeCare provides essential home care services for those at risk of hospitalization or institutionalization, serving approximately 45,500 consumers across 206 locations in 22 states.

Addus HomeCare Corporation (NASDAQ: ADUS) reported its Q2 2022 financial results, highlighting an 8.7% revenue increase to $236.9 million. Net income stood at $11.3 million ($0.70 per diluted share), slightly down from $11.6 million the previous year. Adjusted EBITDA rose 3.1% to $25.1 million. For the first half of 2022, revenues increased 9.5% to $463.6 million. The company reported strong cash flow, with $56.5 million from operations and maintained a strong liquidity position with $120.9 million in cash.