NYSE$CON

Concentra Group Holdings · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Concentra's financial performance for Q2 2024, marked by revenue growth and strategic IPO completion, was announced.

Concentra Group Holdings reported a revenue increase of 2.3% to $477.9 million, with operating income up by 2.2% to $83.9 million. Net income saw a slight decrease of 1.8% to $53.1 million. The company also completed its IPO, marking a significant milestone.

  • Revenue increased by 2.3% to $477.9 million compared to the same quarter last year.
  • Income from operations increased by 2.2% to $83.9 million.
  • Net income decreased slightly by 1.8% to $53.1 million.
  • Completed an initial public offering (IPO) of 22,500,000 shares.

Headline financials

Total Revenue

$478M

Previous: $265M+80.0%
EPS

$0.50

Previous: $0.95-47.4%
Adjusted EBITDA

$102M

Previous: $100M+1.2%
Adjusted EBITDA Margin

21.3%

Previous: 21.5%-0.9%
Net Income Margin

11.1%

No prior period
Total Patient Visits

3.2M

No prior period
Visits Per Day

50.2K

No prior period
Revenue Per Visit

$139.81

No prior period
Total Occupational Health Centers

547

No prior period
Total Onsite Health Clinics

154

No prior period
Capital Expenditures

-$32.5M

Previous: $25.9M-225.6%
Free Cash Flow

$19.2M

Previous: $73.7M-73.9%
Net Income

$51.7M

Previous: $52.7M-1.9%
Operating Income

$83.9M

Previous: $82.1M+2.2%
Gross Profit

-$339M

Previous: $137M-347.2%
Cash & Equivalents

$50.7M

Previous: $33.2M+52.4%
Total Assets

$2.36B

No prior period
Stock-Based Comp

$332K

Previous: $178K+86.5%

Revenue & EPS history

Concentra Group Holdings · Revenue · Quarterly

$478M

Q2 2024+80%vs Q2 2023
Beat estimate in 6 of 7 quarters(86%)
ActualEstimate

Revenue by segment

Concentra Group Holdings · $468K total across 3 segments · Q1 2024

  • Occupational Health Centers
    $441K
  • Onsite Health Clinics
    $15.9K
  • Other
    $10.7K

Forward guidance

Concentra hosted a conference call regarding its second quarter results and its business outlook.

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.4%

Avg return

30 days after

56%

5 / 9 earnings

Positive

+3.2%

Q1 2026

Best reaction

-3.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%+11.6%+10.6%
Q4 2025+1.4%-0.3%-10.7%
Q3 2025+3.1%+6.7%+4.1%
Q1 2025-3.7%-2.1%+0.7%
Q4 2024+0.3%-0.7%-1.4%
Q3 2023+2.3%+0.4%+3.5%
Q3 2024-3.4%-5.8%+5.0%
Q2 2023-2.1%+3.4%-4.1%
Q2 2024-2.8%-5.3%+4.9%
Q1 2024
Q4 2023
Q1 2023

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