NASDAQ$ADUS

Addus HomeCare Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Revenue and net income increased in the first quarter of 2020.

Addus HomeCare announced preliminary financial results for Q1 2020, with revenue increasing to $190.2 million and net income rising to $8.7 million, or $0.54 per diluted share. Adjusted diluted earnings per share reached $0.77 and adjusted EBITDA increased to $17.7 million.

  • Net service revenues reached $190.2 million.
  • Net income increased to $8.7 million, with earnings per diluted share at $0.54.
  • Adjusted net income per diluted share grew to $0.77.
  • Adjusted EBITDA increased to $17.7 million.

Headline financials

Total Revenue

$190M

Previous: $139M+36.6%
EPS (adj)

$0.77

Previous: $0.52+48.1%
Hospice organic growth

12.1%

No prior period
Home Health organic growth

19.5%

No prior period
Capital Expenditures

-$2.75M

Previous: -$1.01M-173.1%
Free Cash Flow

$5.91M

Previous: $3.86M+53.3%
Net Income

$8.66M

Previous: $4.86M+78.1%
Operating Income

$10.7M

Previous: $6.24M+70.8%
Gross Profit

$55.8M

Previous: $37.6M+48.6%
Cash & Equivalents

$130M

Previous: $66.2M+97.2%
Total Assets

$645M

Previous: $379M+70.2%
Stock-Based Comp

$1.41M

Previous: $1.23M+14.1%

Revenue & EPS history

Addus · Revenue · Quarterly

$190M

Q1 2020+36.6%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Addus · $271M total across 3 segments · Q3 2023

  • Personal Care
    $202M+12.7%
  • Hospice
    $53.1M+3.4%
  • Home Health
    $15.7M+57.9%

Forward guidance

Addus will continue to execute its growth strategy, focusing on both organic growth and potential acquisitions while prioritizing the health and safety of caregivers, employees, and patients.

Tailwinds

  • Continue to execute growth strategy as a leading provider of home care services
  • Solid pipeline of potential acquisitions.
  • Offers a strong value proposition, including through expanding hospice and home health services
  • Well positioned to meet the current and expected demand for services
  • Caregivers’ services during this important time will enable many elderly and vulnerable individuals to avoid the risks found in settings outside of their homes during this unprecedented time.

Headwinds

  • Much has changed in operating environment since the end of the first quarter.
  • COVID-19 pandemic has created new challenges for our business with heightened emphasis on providing our services in a safe manner
  • COVID-19 pandemic has created new challenges for our business with heightened emphasis on the economic impact on the communities we serve.
  • The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization.
  • There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.2%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+5.0%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+23.7%

Q4 2019

Best reaction

-19.6%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-0.6%-10.6%
Q4 2025-9.1%-12.0%-17.0%
Q3 2025-5.9%-5.0%-4.1%
Q1 2025+4.1%+6.3%+7.5%
Q4 2024-10.4%-12.0%-10.1%
Q3 2024-1.7%+1.0%-2.1%
Q2 2024+3.5%+3.6%+8.5%
Q1 2024+6.5%+11.3%+16.8%
Q4 2023+3.4%+5.3%+16.4%
Q3 2023-3.7%+3.3%+7.0%
Q2 2023+1.2%+3.9%-0.1%
Q1 2023+5.8%+0.3%+10.3%
Q4 2022+3.9%+2.5%-0.4%
Q3 2022+3.1%+3.8%+4.8%
Q2 2022+3.1%+0.6%-3.9%
Q1 2022-2.3%-4.7%-4.2%
Q4 2021+20.5%+20.4%+15.8%
Q3 2021-0.5%+9.1%-8.9%
Q2 2021+9.1%+5.3%+4.0%
Q1 2021-6.6%-8.1%-10.0%
Q4 2020-11.3%-14.2%-11.3%
Q3 2020+11.9%+10.3%+4.6%
Q2 2020+2.7%-4.6%-7.1%
Q1 2020+10.2%+2.7%+22.5%
Q4 2019+23.7%+8.5%+42.1%
Q3 2019-0.9%-0.1%+8.6%
Q2 2019+1.4%+4.4%-0.2%
Q1 2019+3.6%+3.0%+8.8%
Q4 2018-2.8%-7.8%-3.8%
Q3 2018+6.5%+10.8%+16.7%
Q2 2018-4.4%-7.1%-3.4%
Q1 2018+3.1%+1.8%+11.9%
Q4 2017-0.3%+8.6%+38.5%
Q3 2017-1.4%-5.8%-7.8%
Q2 2017-0.3%-1.4%-1.3%
Q1 2017+11.3%+9.4%+2.6%
Q4 2016+1.2%+0.1%-7.5%
Q3 2016+17.4%+28.7%+32.7%
Q2 2016+13.8%+8.6%+27.1%
Q1 2016-1.1%
Q4 2015-16.6%
Q3 2015-12.7%
Q2 2015+4.4%
Q1 2015-3.4%
Q4 2014+3.7%
Q3 2014+7.1%
Q2 2014+1.3%
Q1 2014+1.8%
Q4 2013-19.6%
Q3 2013+4.3%
Q2 2013+9.3%
Q1 2013+0.9%
Q4 2012+13.2%
Q3 2012+10.5%
Q2 2012+1.1%
Q1 2011-0.0%
Q1 2012-7.8%
Q4 2011+6.6%
Q3 2010-1.3%
Q3 2011-1.3%
Q2 2011-17.3%
Q2 2010-17.3%
Q4 2010+0.2%
Q1 2010+2.6%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro