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Stock impact report

Addus HomeCare Announces Third Quarter 2024 Financial Results

Addus HomeCare Corporation (ADUS) 
Last addus homecare corporation earnings: 3/17 04:05 pm Check Earnings Report
Company Research Source: Business Wire
FRISCO, Texas--(BUSINESS WIRE)--Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced its financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 Highlights:Net Service Revenues Increase 7.0% to $289.8 MillionNet Income of $20.2 Million, or $1.10 per Diluted ShareAdjusted Net Income per Diluted Share Increases 13.0% to $1.30Adjusted EBITDA Increases 11.1% to $34.3 MillionCash Flow from Operations of $48.5 MillionOverviewNet service revenues were $289.8 million for the third quarter of 2024, a 7.0% increase compared with $270.7 million for the third quarter of 2023. Net income was $20.2 million for the third quarter of 2024, compared with $15.4 million for the third quarter of 2023, while net income per diluted share was $1.10 compared with $0.95 for the same period a year ago. Adjusted EBITDA increased 11.1% to $34.3 million for the third quarter of 2024 from $30.9 million for the third quarter of 2 Show less Read more
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