NYSE$MD

Pediatrix Medical Group, Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Pediatrix reported earnings for the first quarter of 2024.

Pediatrix Medical Group reported first quarter results with a net revenue of $495.1 million and earnings of $0.05 per share. The company's Adjusted EPS was $0.20 and Adjusted EBITDA was $37.2 million.

  • Net revenue for the quarter was $495.1 million, compared to $491.0 million for the prior-year period.
  • Net income was $4.0 million, or $0.05 per diluted share.
  • Adjusted EBITDA was $37.2 million, compared to $40.1 million for the prior-year period.
  • Same-unit revenue increased by 2.3 percent, driven by a 1.3 percent increase in patient volume and a 1.0 percent increase from net reimbursement-related factors.

Headline financials

Total Revenue

$495M

Previous: $491M+0.8%
EPS

$0.05

Previous: $0.23-78.3%
Same-unit net revenue growth

2.3%

No prior period
Adjusted EBITDA

$37.2M

Previous: $40.1M-7.2%
Capital Expenditures

-$5.33M

Previous: -$7M+23.8%
Free Cash Flow

-$1.3M

Previous: $7.21M-118.0%
Net Income

$4.04M

Previous: $14.2M-71.6%
Operating Income

$15.9M

Previous: $30M-47.1%
Cash & Equivalents

$8M

Previous: $6.12M+30.6%
Total Assets

$2.17B

Previous: $2.32B-6.5%
Stock-Based Comp

$3.07M

Previous: $3.01M+1.9%

Revenue & EPS history

Pediatrix · Revenue · Quarterly

$495M

Q1 2024+0.8%vs Q1 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Pediatrix anticipates that its 2024 Adjusted EBITDA will be in a range of $200 million to $220 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 Q1 2024

Historical avgQ1 2024

+0.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.2%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+31.3%

Q3 2020

Best reaction

-24.8%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.3%+5.2%+0.0%
Q4 2025-12.2%-8.7%-10.3%
Q3 2025+21.3%+29.2%+37.2%
Q1 2025+12.1%+12.2%+7.5%
Q4 2024+22.1%+9.1%+0.7%
Q3 2024+22.9%+30.5%+21.4%
Q2 2024+26.4%+31.5%+40.9%
Q1 2024-8.4%-11.4%-25.8%
Q4 2023-6.8%-5.4%+0.6%
Q3 2023-11.7%-11.8%-21.8%
Q2 2023+5.9%+6.4%+1.2%
Q1 2023-2.4%-4.5%-5.4%
Q4 2022+4.6%+5.8%-5.0%
Q3 2022-16.2%-18.3%-12.6%
Q2 2022-12.1%-7.8%-22.1%
Q1 2022-18.5%-16.6%-14.4%
Q4 2021-9.2%-8.9%-6.9%
Q3 2021-1.2%-3.3%-10.7%
Q2 2021+7.9%+11.4%+2.1%
Q1 2021+19.5%+14.8%+19.4%
Q4 2020-20.5%-16.8%-0.9%
Q3 2020+31.3%+32.0%+60.5%
Q2 2020-1.3%-1.3%-4.6%
Q1 2020+5.6%-0.7%+38.7%
Q4 2019-24.8%-30.0%-64.6%
Q3 2019+14.6%+18.1%+18.9%
Q2 2019-9.1%-13.6%-14.2%
Q1 2019+3.8%+3.8%-12.7%
Q4 2018-4.2%-5.9%-18.3%
Q3 2018-5.0%-4.4%-2.6%
Q2 2018+10.1%+13.3%+10.4%
Q1 2018-4.4%-3.6%-1.4%
Q4 2017+6.6%+6.7%+13.8%
Q3 2017-4.9%+0.1%+15.6%
Q2 2017-16.8%-20.4%-21.7%
Q1 2017-8.5%-9.9%-8.2%
Q4 2016-3.5%-1.3%+1.1%
Q3 2016-6.3%-6.3%+1.3%
Q2 2016-8.5%-10.8%-16.7%
Q1 2016-2.3%
Q4 2015-3.3%
Q3 2015-4.4%
Q2 2015+4.2%
Q1 2015-1.2%
Q4 2014+5.2%
Q3 2014+10.2%
Q2 2014-4.5%
Q1 2014-2.4%
Q4 2013+5.0%
Q3 2013+2.4%
Q2 2013+1.4%
Q1 2013-1.1%
Q4 2012+0.9%
Q3 2012+7.3%
Q2 2012+4.1%
Q1 2012-6.6%
Q4 2011-1.7%
Q3 2011+2.8%
Q2 2011-0.9%
Q1 2010+1.8%
Q1 2011+4.5%
Q4 2010+2.2%
Q4 2008+2.2%
Q3 2009+2.0%
Q3 2010+2.0%
Q2 2010+2.3%
Q4 2009+2.3%
Q2 2009+2.3%

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