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Stock impact report

Pediatrix Medical Group Reports Third Quarter Results

Pediatrix Medical Group, Inc. (MD) 
Last pediatrix medical group, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: mednax.com/investors
Company Research Source: Business Wire
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Pediatrix Medical Group, Inc. (NYSE: MD), a leading provider of physician services, today reported earnings of $0.23 per share for the three months ended September 30, 2024. On a non-GAAP basis, Pediatrix reported Adjusted EPS of $0.44.For the 2024 third quarter, Pediatrix reported the following results:Net revenue of $511 million;Net income of $19 million; andAdjusted EBITDA of $60 million.“Our third quarter operating results modestly exceeded our expectations, driven primarily by strength in same-unit revenue,” said James D. Swift, M.D., Chief Executive Officer of Pediatrix Medical Group. “During the quarter, we successfully completed our previously announced transition to a hybrid revenue cycle management structure, and we remain on track to complete our portfolio management plans by the end of 2024. We believe that a more focused portfolio, with enhanced support for our affiliated practices, will enable stronger financial performance and Show less Read more
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