NASDAQ$AHCO

AdaptHealth Corp. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

AdaptHealth reported fourth quarter and full-year 2021 results and updated 2022 guidance.

AdaptHealth announced financial results for the fourth quarter and fiscal year ended December 31, 2021. The company highlighted its continued growth and prosperity despite the pandemic, CPAP equipment shortage, and supply chain challenges. They were pleased with their free cash flow generation as they exited the year.

  • AdaptHealth has continued to grow and prosper despite the worldwide pandemic.
  • The company faced a shortage of CPAP equipment.
  • The company faced higher costs from supply chain challenges.
  • AdaptHealth was very pleased with free cash flow generation as they exited the year.

Headline financials

Total Revenue

$702M

Previous: $348M+101.5%
EPS (adj)

$0.15

Previous: -$0.47+131.9%
Capital Expenditures

$63.6M

Previous: $16.9M+276.0%
Free Cash Flow

$37.3M

Previous: $33.4M+11.6%
Net Income

$21.1M

Previous: -$21.2M+199.7%
Operating Income

$69.1M

Previous: $17.4M+297.0%
Gross Profit

$110M

Previous: $58M+90.3%
Cash & Equivalents

$150M

Previous: $190M-21.4%
Total Assets

$5.25B

Previous: $3.77B+39.1%
Stock-Based Comp

$3.93M

Previous: $7.7M-49.0%

Revenue & EPS history

AdaptHealth · Revenue · Quarterly

$702M

Q4 2021+101.5%vs Q4 2020
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Forward guidance

AdaptHealth updated its previously issued financial guidance for fiscal year 2022 based on current business, market trends, governmental reimbursement updates, acquisitions to date, and an expected continuation of shortages of PAP devices. The guidance 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 Q4 2021

Historical avgQ4 2021

+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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