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ModivCare Inc (MODV) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]

ModivCare Inc. (MODV) 
Company Research Source: Yahoo! Finance
Adjusted Net Income: $6 million or $0.45 per diluted share. Personal Care Services (PCS) Growth: 5% year-over-year increase in revenue. Remote Patient Monitoring (RPM) Revenue: Increased 2% sequentially to $19 million. Contract Receivables: $110 million as of September 30, with a 40% reduction in build rate. Free Cash Flow: $1.5 million for the quarter. Debt: Approximately $1.2 billion with a net leverage ratio of 5.6 times. Guidance for 2024: Revenue range of $2.7 to $2.9 billion; Adjusted EBITDA range of $170 to $180 million. Warning! GuruFocus has detected 11 Warning Signs with MODV. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript ModivCare Inc ( NASDAQ:MODV ) reported third-quarter 2024 results in line with expectations, with adjusted EBITDA of $43 million and revenue of $702 million. The company successfully amended its credit agreement, providing temporary relief with debt Show less Read more
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