NASDAQ$ADUS
Addus HomeCare Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Addus HomeCare reported an increase in revenue and net income for Q3 2021.
Addus HomeCare Corporation announced its financial results for the third quarter ended September 30, 2021, with net service revenues increasing by 11.7% to $216.7 million and net income increasing by 27.0% to $11.6 million, or $0.72 per diluted share. Adjusted net income per diluted share was $0.91, and adjusted EBITDA increased by 27.4% to $24.9 million.
- Net service revenues increased 11.7% to $216.7 million compared to Q3 2020.
- Net income increased 27.0% to $11.6 million compared to Q3 2020.
- Adjusted net income per diluted share increased 19.7% to $0.91.
- Adjusted EBITDA increased 27.4% to $24.9 million.
Headline financials
Revenue & EPS history
Addus · Revenue · Quarterly
$217M
Revenue by segment
Addus · $217M total across 3 segments · Q3 2021
- Personal Care$170M+2.2%78.3%
- Hospice$39.1M+63.0%18.0%
- Home Health$7.96M+94.8%3.7%
Forward guidance
The company continues to benefit from a favorable environment for home-based care with strong demand trends and increased government recognition and support through state and federal funding.
Tailwinds
- Favorable environment for home-based care.
- Strong demand trends in the home care sector.
- Increased government recognition and support through state and federal funding.
- Addus is well positioned to meet the demand across its operating segments.
- Proven operating model and a dedicated team of frontline caregivers and support staff.
Headwinds
- Pressures related to the surge in the Delta variant of COVID-19.
- Tightening labor market.
- Potential effect on growth in certain markets due to labor market and COVID-19.
- Uncertainty regarding the outcome of discussions with managed care organizations.
- Impact to business operations, reimbursements and patient population due to the recent COVID-19 global pandemic
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 Q3 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
| Quarter | Report date | Reaction (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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