NASDAQ$ADUS

Addus HomeCare Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Addus HomeCare's Q2 2021 results showed revenue growth and increased net income.

Addus HomeCare Corporation reported an 18.1% increase in net service revenues to $217.9 million for the second quarter of 2021, compared to $184.6 million for the second quarter of 2020. Net income increased by 67.9% to $11.6 million, or $0.72 per diluted share, compared to $6.9 million, or $0.43 per diluted share, for the prior-year period. Adjusted net income per diluted share increased 23.3% to $0.90 for the second quarter of 2021 from $0.73 for the second quarter of 2020.

  • Net service revenues increased by 18.1% to $217.9 million.
  • Net income increased by 67.9% to $11.6 million.
  • Adjusted EBITDA increased 30.1% to $24.3 million.
  • Company closed on Armada Acquisition in New Mexico.

Headline financials

Total Revenue

$218M

Previous: $185M+18.1%
EPS (adj)

$0.90

Previous: $0.73+23.3%
Capital Expenditures

-$1.85M

Previous: -$4.84M+61.9%
Free Cash Flow

$9.75M

Previous: $2.07M+372.2%
Net Income

$11.6M

Previous: $6.91M+67.9%
Operating Income

$17M

Previous: $9.61M+77.5%
Gross Profit

$68.8M

Previous: $55M+25.1%
Cash & Equivalents

$139M

Previous: $159M-12.1%
Total Assets

$889M

Previous: $661M+34.5%
Stock-Based Comp

$2.53M

Previous: $1.12M+125.8%

Revenue & EPS history

Addus · Revenue · Quarterly

$218M

Q2 2021+18.1%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Addus · $218M total across 3 segments · Q2 2021

  • Personal Care
    $176M+12.8%
  • Hospice
    $36.9M+50.5%
  • Home Health
    $4.72M+24.7%

Forward guidance

The company completed the acquisition of Armada to increase clinical depth and operational strength in New Mexico and enhance ability to provide all three levels of home care in this important market for Addus.

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 Q2 2021

Historical avgQ2 2021

+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%

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