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Stock impact report

Enhabit Reports Third Quarter 2024 Financial Results

Enhabit, Inc. (EHAB) 
Company Research Source: Business Wire
Company to host a conference call tomorrow, November 7, 2024, at 10 a.m. EST DALLAS--(BUSINESS WIRE)--Enhabit, Inc. (NYSE: EHAB), a leading home health and hospice care provider, today reported its results of operations for the third quarter ended September 30, 2024.“Our continued progress in our strategies during the third quarter resulted in Adjusted EBITDA growth year over year and strong free cash flow generation that led to further debt reduction,” said Enhabit’s President and Chief Executive Officer Barb Jacobsmeyer. “The payor innovation strategy continues to foster Medicare Advantage growth in our home health segment, and average daily census continues to grow in our hospice segment.”QUARTERLY PERFORMANCE - CONSOLIDATEDNet service revenue of $253.6 millionNet loss attributable to Enhabit, Inc. of $110.2 millionAdjusted EBITDA of $24.5 millionLoss per share of $2.20Adjusted earnings per share of $0.03RECENT COMPANY HIGHLIGHTSNon-Medicare admissions increased 20.1%, driving t Show less Read more
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