NYSE$MD

Pediatrix Medical Group, Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported a loss from continuing operations and adjusted EPS from continuing operations.

Pediatrix Medical Group reported a net revenue of $496.4 million for Q4 2023, a decrease from $513.8 million in the prior-year period. The company experienced a loss from continuing operations of $124.3 million, or $1.50 per share, compared to an income of $24.0 million, or $0.29 per share, in Q4 2022. Adjusted EPS from continuing operations was $0.32, down from $0.47 in the same period last year. Adjusted EBITDA from continuing operations was $50.8 million, compared to $66.5 million for the prior-year period.

  • Net revenue for Q4 2023 was $496.4 million, compared to $513.8 million for the prior-year period.
  • Loss from continuing operations was $124.3 million, or $1.50 per share.
  • Adjusted EPS from continuing operations was $0.32, compared to $0.47 for the fourth quarter of 2022.
  • Adjusted EBITDA from continuing operations was $50.8 million, compared to $66.5 million for the prior-year period.

Headline financials

Total Revenue

$496M

Previous: $514M-3.4%
EPS (adj)

$0.32

Previous: $0.47-31.9%
Neonatal intensive care unit (NICU) days volume change

-2.0%

No prior period
Net Income

-$124M

Previous: $29.7M-519.1%
Operating Income

-$111M

Previous: $36M-409.4%
Gross Profit

$92.1M

Previous: $116M-20.5%
Stock-Based Comp

$3.02M

Previous: $3.24M-6.6%

Revenue & EPS history

Pediatrix · Revenue · Quarterly

$496M

Q4 2023-3.4%vs Q4 2022
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 Q4 2023

Historical avgQ4 2023

+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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