NASDAQ$AHCO

AdaptHealth Corp. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 results and updated 2022 guidance, along with a $200 million share repurchase program.

AdaptHealth reported strong first-quarter results, driven by continued strength in the diabetes product line and resilient HME product line. The company is updating its previously issued financial guidance for fiscal year 2022 and announced the authorization of a share repurchase program for up to $200 million.

  • Saw continued strength in diabetes product line, consistent with expectations.
  • HME product line continues to be resilient as CPAP patient set ups in March and April were at or near 2021 levels.
  • Operating and financial results demonstrate the Company’s strong position as a leading national provider of medical equipment and supplies across the U.S.
  • Announced a $200 million share repurchase program, reflecting confidence in AdaptHealth’s outlook.

Headline financials

Total Revenue

$706M

Previous: $482M+46.5%
EPS (adj)

$0.08

Previous: $0.01+700.0%
Capital Expenditures

-$77.2M

Previous: -$35.6M-116.8%
Free Cash Flow

-$35.4M

Previous: -$39.6M+10.5%
Net Income

$41.8M

Previous: -$3.97M+1152.7%
Operating Income

$51.6M

Previous: $15.4M+234.6%
Gross Profit

$109M

Previous: $85.4M+27.7%
Cash & Equivalents

$168M

Previous: $198M-14.9%
Total Assets

$5.2B

Previous: $4.52B+15.1%
Stock-Based Comp

$5.5M

Previous: $8.58M-35.9%

Revenue & EPS history

AdaptHealth · Revenue · Quarterly

$706M

Q1 2022+46.5%vs Q1 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

AdaptHealth updated its previously issued financial guidance for fiscal year 2022, based on current business, market trends, governmental reimbursement updates, and acquisitions to date. Guidance for fiscal year 2022 does not include any contribution from acquisitions that have not yet closed, or continuing Public Health Emergency benefits beyond the currently scheduled expiration date.

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 Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+34.6%

Q4 2023

Best reaction

-27.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.0%-13.4%-25.6%
Q4 2025-14.2%-11.1%+10.9%
Q3 2025+17.2%+4.5%+3.2%
Q1 2025+1.7%-1.4%+3.7%
Q4 2024+24.4%+33.1%+24.4%
Q3 2024+0.3%-0.6%-4.2%
Q2 2024-17.2%-14.1%+4.6%
Q1 2024-8.6%-8.8%+4.9%
Q4 2023+34.6%+37.9%+50.9%
Q3 2023-23.1%-18.6%-5.6%
Q2 2023+11.1%+4.4%-19.8%
Q1 2023-8.4%-12.2%-13.8%
Q4 2022-27.9%-27.9%-40.6%
Q3 2022-1.6%+8.4%+4.5%
Q2 2022-8.9%-8.2%-25.7%
Q1 2022+23.7%+42.2%+53.6%
Q4 2021+4.1%+2.3%+2.8%
Q3 2021-5.4%-7.2%-24.1%
Q2 2021+16.4%+13.4%+12.3%
Q1 2021-8.5%-14.9%-10.4%
Q4 2020+2.1%+12.4%+21.7%
Q3 2020+2.6%+0.6%+19.5%
Q2 2020+13.9%+18.0%+7.0%
Q1 2020+1.6%+5.8%+5.5%
Q4 2019+1.8%+1.4%-7.7%
Q3 2019-4.1%-4.9%-3.3%
Q2 2019+0.0%+0.0%-0.6%
Q1 2019+0.0%+0.0%+0.3%
Q4 2018+0.6%+0.7%+1.3%
Q3 2018+0.3%+0.1%+0.4%
Q2 2018+0.0%+0.3%+0.1%
Q1 2018

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