NASDAQ$AMED

Amedisys Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Amedisys's financial performance remained relatively stable in Q4 2022 compared to the previous year. Net service revenue and net income saw slight decreases, while the company announced the sale of its Personal Care line of business and a new palliative care partnership.

Amedisys reported a slight increase in net service revenue to $562.0 million for Q4 2022, compared to $559.3 million in 2021. Net income attributable to Amedisys, Inc. was $31.7 million, slightly lower than the $34.0 million reported in the same period last year. The company also announced the sale of its personal care line of business and a palliative care partnership with BlueCross BlueShield of Tennessee.

  • Net service revenue increased slightly to $562.0 million compared to $559.3 million in the same period last year.
  • Net income attributable to Amedisys, Inc. decreased to $31.7 million from $34.0 million in 2021.
  • Adjusted EBITDA was $59.9 million, compared to $64.8 million in 2021.
  • The company announced the sale of its personal care line of business and a new palliative care partnership with BlueCross BlueShield of Tennessee.

Headline financials

Total Revenue

$562M

Previous: $559M+0.5%
EPS (adj)

$1.16

Previous: $1.18-1.7%
Capital Expenditures

$1.83M

Previous: $1.12M+63.9%
Free Cash Flow

$39.1M

Previous: $4.05M+864.1%
Net Income

$31.5M

Previous: $34M-7.2%
Operating Income

$46.2M

Previous: $48.2M-4.0%
Gross Profit

$245M

Previous: $242M+1.1%
Cash & Equivalents

$40.5M

Previous: $42.7M-5.0%
Total Assets

$1.98B

Previous: $1.86B+6.4%
Stock-Based Comp

$570K

Previous: $5.95M-90.4%

Revenue & EPS history

Amedisys · Revenue · Quarterly

$562M

Q4 2022+0.5%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Amedisys anticipates adjusted net service revenue to be in the range of $2.244 billion to $2.274 billion, adjusted EBITDA in the range of $230 million to $240 million, and adjusted diluted earnings per share in the range of $4.13 to $4.36 for 2023.

Tailwinds

  • Adjusted net service revenue is anticipated to be in the range of $2.244 billion to $2.274 billion.
  • Adjusted EBITDA is anticipated to be in the range of $230 million to $240 million.
  • Adjusted diluted earnings per share is anticipated to be in the range of $4.13 to $4.36.
  • Guidance is based on an estimated 32.9 million shares outstanding.
  • The company is focused on people, growth, clinical optimization and Contessa which will pay dividends as we progress throughout 2023.

Headwinds

  • Guidance excludes the effects of any future acquisitions.
  • Guidance excludes potential share repurchases.
  • The home health, hospice, personal care and high acuity care industries are highly competitive.
  • The industries are subject to intensive regulations.
  • Trends are subject to numerous factors, risks, and uncertainties.

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 Q4 2022

Historical avgQ4 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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