NASDAQ$ADUS

Addus HomeCare Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Addus HomeCare's Q4 2023 earnings were announced, revealing revenue growth and increased profitability.

Addus HomeCare Corporation reported an 11.9% increase in net service revenues, reaching $276.4 million for Q4 2023. Net income rose to $19.6 million, or $1.20 per diluted share, and adjusted EBITDA increased by 21.3% to $34.3 million.

  • Net service revenues increased by 11.9% to $276.4 million.
  • Net income was reported as $19.6 million, equating to $1.20 per diluted share.
  • Adjusted EBITDA saw a 21.3% year-over-year increase, reaching $34.3 million.
  • Cash flow from operations totaled $30.0 million for the quarter.

Headline financials

Total Revenue

$276M

Previous: $247M+11.9%
EPS (adj)

$1.32

Previous: $1.11+18.9%
Hospice organic growth

3.5%

Previous: -4.9%+171.4%
Hospice ADC organic growth

-1.1%

No prior period
Home Health organic growth

-17.8%

Previous: 8.3%-314.5%
Capital Expenditures

$5.32M

Previous: $5.44M-2.1%
Net Income

$19.6M

Previous: $14.8M+32.8%
Operating Income

$28M

Previous: $20.8M+34.4%
Gross Profit

$90.2M

Previous: $78.8M+14.6%
Stock-Based Comp

$2.49M

Previous: $2.68M-7.2%

Revenue & EPS history

Addus · Revenue · Quarterly

$276M

Q4 2023+11.9%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
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

The company will continue to build on its momentum and capitalize on the growing demand for home-based care. Addus offers a strong value proposition with high-quality and cost-effective care for patients in the preferred home setting.

Tailwinds

  • Capitalizing on growing demand for home-based care.
  • Strong value proposition with high-quality and cost-effective care.
  • Dedicated team of caregivers.
  • Improving care delivery with enhanced training.
  • Investments in applications for efficient scheduling.

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 2023

Historical avgQ4 2023

+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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