Agiliti Inc. (NYSE: AGTI) reported a 31% revenue growth to $235 million for Q1 2021, with a net income of $9.6 million, a significant turnaround from a net loss of $12.6 million in Q1 2020. Adjusted EBITDA increased 77% to $86 million. Following its IPO, the leverage ratio was reduced to 3.3x. The company projects full-year 2021 revenue between $950 million and $975 million and Adjusted EBITDA between $275 million and $285 million.
Agiliti Inc. (NYSE: AGTI) will release its first quarter results on May 18, 2021, after market close, followed by a conference call at 5:00 p.m. Eastern Time. Investors can join the call by dialing 1-877-407-0792 or accessing a live webcast via the company’s Investor Relations website. A replay will be available two hours post-call until May 25, 2021. With over eight decades of experience, Agiliti serves over 7,000 healthcare providers in the U.S., offering solutions that enhance efficiency, safety, and sustainability in healthcare delivery.
Agiliti, Inc. (NYSE:AGTI) announced its initial public offering (IPO) of 26,315,789 shares at $14 per share, aiming to close on April 27, 2021. The underwriters hold a 30-day option for an additional 3,947,368 shares. Proceeds will be used to repay outstanding borrowings related to its credit facilities. The offering is set to begin trading on the NYSE on April 23, 2021. Leading managers include BofA Securities and Goldman Sachs, with various co-managers involved.