NASDAQ$AMED

Amedisys Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Amedisys reported financial results for Q1 2022, showing increased net service revenue but decreased net income compared to Q1 2021.

Amedisys reported a slight increase in net service revenue to $545.3 million, but net income decreased to $31.7 million. The company reaffirmed its 2022 guidance, anticipating adjusted net service revenue between $2.330 billion and $2.365 billion.

  • Net service revenue increased to $545.3 million from $537.1 million in the same period last year.
  • Net income attributable to Amedisys, Inc. decreased to $31.7 million from $49.9 million in the same period last year.
  • Adjusted net income attributable to Amedisys, Inc. was $40.1 million, compared to $51.1 million in the prior year.
  • The company reaffirmed its full-year 2022 guidance for adjusted net service revenue, adjusted EBITDA, and adjusted diluted earnings per share.

Headline financials

Total Revenue

$545M

Previous: $537M+1.5%
EPS (adj)

$1.23

Previous: $1.54-20.1%
Capital Expenditures

$902K

Previous: $1.62M-44.3%
Free Cash Flow

$47.7M

Previous: $52.4M-8.9%
Net Income

$31.7M

Previous: $49.9M-36.5%
Operating Income

$48M

Previous: $68.8M-30.3%
Gross Profit

$240M

Previous: $240M+0.2%
Cash & Equivalents

$67.8M

Previous: $77.3M-12.3%
Total Assets

$1.91B

Previous: $1.57B+21.3%
Stock-Based Comp

$7.35M

Previous: $7.31M+0.5%

Revenue & EPS history

Amedisys · Revenue · Quarterly

$545M

Q1 2022+1.5%vs Q1 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Amedisys reaffirmed its previously issued guidance for 2022, excluding the effects of any future acquisitions.

Tailwinds

  • Adjusted net service revenue is anticipated to be in the range of $2.330 billion to $2.365 billion.
  • Adjusted EBITDA is anticipated to be in the range of $275 million to $285 million.
  • Adjusted diluted earnings per share is anticipated to be in the range of $5.23 to $5.45.
  • Guidance is based on an estimated 33.2 million shares outstanding.
  • The company's differentiated strategy presents significant opportunities.

Headwinds

  • COVID-19 has continued to impact the operating metrics used to forecast growth and cost assumptions.
  • Future regulations or government interventions could impact the ability to achieve guidance.
  • Spike in clinicians and business development staff on quarantine could impact the ability to achieve guidance.
  • Staffing shortages due to current and proposed federal, state and local vaccine mandates could impact the ability to achieve guidance.
  • Reduction in elective procedures, change in patient behavior and further decline in senior living occupancy could impact the ability to achieve guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.6%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-5.0%

Avg return

30 days after

46%

32 / 70 earnings

Positive

+25.6%

Q2 2014

Best reaction

-25.3%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025
Q2 2025+1.2%+1.0%
Q1 2025+0.2%-0.8%-1.6%
Q4 2024+0.1%+0.6%+1.5%
Q3 2024+0.9%-3.4%-10.4%
Q2 2024+0.0%+0.5%-0.2%
Q1 2024+0.0%+0.8%+5.5%
Q4 2023+0.9%+0.6%-1.6%
Q3 2023-0.8%-1.1%+1.8%
Q2 2023-0.6%-0.2%+2.5%
Q1 2023+4.2%+3.9%+2.8%
Q4 2022+5.4%+2.2%-23.6%
Q3 2022-9.0%-4.2%-10.7%
Q2 2022-3.8%+0.9%-4.5%
Q1 2022+0.4%-3.3%-10.5%
Q4 2021+5.8%+14.5%+18.4%
Q3 2021+0.1%+1.7%-20.2%
Q2 2021-22.8%-22.9%-29.3%
Q1 2021+0.2%
Q4 2020-6.2%
Q3 2020-1.9%
Q2 2020+3.7%
Q1 2020-3.3%
Q4 2019-2.1%
Q3 2019-1.5%
Q2 2019-1.9%
Q1 2019-6.3%
Q4 2018+0.0%
Q3 2018+17.3%
Q2 2018+11.1%
Q1 2018+7.2%
Q4 2017+2.3%
Q3 2017+4.8%
Q2 2017-20.9%
Q1 2017+4.4%
Q4 2016+4.7%
Q3 2016-10.1%
Q2 2016-7.1%
Q1 2016-7.0%
Q4 2015+12.3%
Q3 2015+10.8%
Q2 2015-3.2%
Q1 2015+6.0%
Q4 2014-5.4%
Q3 2014+16.2%
Q2 2014+25.6%
Q1 2014-1.0%
Q4 2013-10.0%
Q3 2013-25.3%
Q2 2013+17.8%
Q1 2013-2.8%
Q4 2012-8.7%
Q3 2012-5.0%
Q2 2012+12.5%
Q1 2012-1.2%
Q4 2011-0.6%
Q3 2011-23.8%
Q2 2011-10.7%
Q1 2011-6.4%
Q4 2010-8.0%
Q3 2010+1.3%
Q2 2010-7.9%
Q1 2009-4.3%
Q1 2010+2.6%
Q4 2007-1.3%
Q4 2009-1.3%
Q3 2008-5.7%
Q3 2009-5.7%
Q4 2008+7.6%
Q2 2008+7.6%
Q2 2009+7.6%

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