NASDAQ$AHCO

AdaptHealth Corp. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

AdaptHealth reported record net revenues, Adjusted EBITDA, and Adjusted EBITDA less Patient Equipment Capex.

AdaptHealth announced financial results for the fourth quarter and full year ended December 31, 2019. The company reported record net revenues, Adjusted EBITDA, and Adjusted EBITDA less Patient Equipment Capex in Q4 2019.

  • AdaptHealth reported record 2019 results across key financial metrics.
  • The company closed on a near record number of acquisitions in 2019.
  • AdaptHealth generated strong organic top line growth in 2019.
  • Ordering patterns, particularly on Positive Airway Pressure (PAP) resupply, are typically highest in the fourth quarter.

Headline financials

Total Revenue

$150M

Previous: $109M+37.6%
EPS (adj)

$0.13

Previous: $0.02+517.9%
Capital Expenditures

$6.88M

No prior period
Free Cash Flow

$55.3M

No prior period
Net Income

-$3.43M

Previous: $658K-621.0%
Operating Income

$714K

Previous: -$482K+248.1%
Gross Profit

$26.3M

Previous: $18.6M+41.4%
Cash & Equivalents

$76.9M

No prior period
Total Assets

$547M

No prior period
Stock-Based Comp

$5.26M

No prior period

Revenue & EPS history

AdaptHealth · Revenue · Quarterly

$150M

Q4 2019+37.6%vs Q4 2018
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

AdaptHealth has increased its outlook for 2020 and now expects to generate net revenue of $765 million to $782 million, Adjusted EBITDA of $155 million to $158 million, and Adjusted EBITDA less Patient Equipment Capex of $95 million to $97 million.

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 2019

Historical avgQ4 2019

+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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