NASDAQ$ADUS

Addus HomeCare Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Addus HomeCare reported a revenue increase of 1.9% and adjusted EPS growth of 12.3% for Q4 2020.

Addus HomeCare Corporation announced its Q4 2020 financial results, with net service revenues increasing by 1.9% to $196.0 million. Net income was $8.4 million, or $0.53 per diluted share. Adjusted EBITDA increased by 11.6% to $20.9 million, and adjusted net income per diluted share was $0.82.

  • Net service revenues increased 1.9% to $196.0 million compared to Q4 2019.
  • Net income was $8.4 million, or $0.53 per diluted share, compared to $10.7 million, or $0.68 per diluted share, in Q4 2019.
  • Adjusted EBITDA increased 11.6% to $20.9 million compared to $18.8 million in Q4 2019.
  • Adjusted net income per diluted share was $0.82 compared to $0.73 in Q4 2019.

Headline financials

Total Revenue

$196M

Previous: $192M+1.9%
EPS (adj)

$0.82

Previous: $0.73+12.3%
Capital Expenditures

$938K

Previous: $1.54M-39.2%
Free Cash Flow

$35.2M

Previous: $2.39M+1371.1%
Net Income

$8.4M

Previous: $10.7M-21.5%
Operating Income

$11.7M

Previous: $13.5M-13.3%
Gross Profit

$59.1M

Previous: $55.2M+7.1%
Cash & Equivalents

$145M

Previous: $112M+29.9%
Total Assets

$893M

Previous: $637M+40.2%
Stock-Based Comp

$2.02M

Previous: $1.58M+27.7%

Revenue & EPS history

Addus · Revenue · Quarterly

$196M

Q4 2020+1.9%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Addus · $196M total across 3 segments · Q4 2020

  • Personal Care
    $164M
  • Hospice
    $27.6M
  • Home Health
    $4.04M

Forward guidance

Addus is confident that they are well-positioned to achieve further profitable growth both organically and from acquisitions in 2021 and beyond.

Tailwinds

  • Well-positioned to achieve further profitable growth both organically and from acquisitions.
  • Focused on providing home care services that allow individuals to remain in the safety and comfort of their preferred home setting.
  • Exceptional team in place that provides a stable foundation for continued success as a leading provider of home care services.
  • Offers a strong value proposition.
  • Look forward to extending market reach while continuing to deliver value to shareholders.

Headwinds

  • Discretionary determinations by government officials.
  • Consummation and integration of acquisitions.
  • Anticipated transition to managed care providers.
  • Unexpected increases in SG&A and other expenses.
  • Changes in reimbursement and government regulations.

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 Q4 2020

Historical avgQ4 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%

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