NASDAQ$ADUS

Addus HomeCare Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Addus HomeCare's Q3 2022 financial results were announced, showing revenue growth and strategic expansion through acquisitions.

Addus HomeCare Corporation reported an 11.0% increase in net service revenues to $240.5 million for the third quarter of 2022. Net income remained relatively stable at $11.5 million, with adjusted earnings per diluted share increasing to $0.94. The company continues to grow its business organically and through acquisitions, including the recent acquisition of Apple Home Healthcare, LTD.

  • Net service revenues increased by 11.0% to $240.5 million compared to Q3 2021.
  • Net income was $11.5 million, with earnings per diluted share at $0.71.
  • Adjusted EBITDA increased by 3.4% to $25.7 million.
  • The company completed the acquisition of Apple Home Healthcare, LTD on October 1, 2022, expanding clinical services in the Chicago area.

Headline financials

Total Revenue

$240M

Previous: $217M+11.0%
EPS (adj)

$0.94

Previous: $0.91+3.3%
Personal Care organic growth

7.0%

No prior period
Hospice organic growth

0.1%

No prior period
Capital Expenditures

-$2.86M

Previous: -$3.21M+10.9%
Free Cash Flow

$8.68M

Previous: $8.36M+3.8%
Net Income

$11.5M

Previous: $11.6M-0.3%
Operating Income

$17.5M

Previous: $17.4M+0.9%
Gross Profit

$75.2M

Previous: $67M+12.1%
Cash & Equivalents

$106M

Previous: $152M-30.7%
Total Assets

$946M

Previous: $925M+2.3%
Stock-Based Comp

$2.78M

Previous: $2.34M+18.8%

Revenue & EPS history

Addus · Revenue · Quarterly

$240M

Q3 2022+11%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Addus · $240M total across 3 segments · Q3 2022

  • Personal Care
    $179M+5.6%
  • Hospice
    $51.4M+31.4%
  • Home Health
    $9.96M+25.1%

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 2022

Historical avgQ3 2022

+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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