HomeCare May 14, 2024
The company announced its financial results for the first quarter which ended in March
FRISCO, Texas—Addus HomeCare Corporation, a provider of homecare services, announced its financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Highlights:
- Revenues Grow 11.6% to $280.7 Million
- Net Income of $15.8 Million, or $0.97 per Diluted Share
- Adjusted Net Income per Diluted Share Increases to $1.21
- Adjusted EBITDA Increases 24.6% to $32.4 Million
- Cash Flow from Operations of $38.7 Million
Overview
Net service revenues were $280.7 million for the first quarter of 2024, an 11.6% increase compared with $251.6 million for the first quarter of 2023. Net income was $15.8 million for the first quarter of 2024, compared with $12.7...
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