AdaptHealth Corp

AHCO

Equity

ISIN US00653Q1022 / Valor 51036706

NASDAQ (2024-12-24)

USD 10.05-1.18%

AdaptHealth Corp
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About company

AdaptHealth Corp is a national leader in healthcare-at-home solutions, serving approximately 4.1 million patients annually in 47 states through a network of approximately 680 locations. The company's focus on compliance is evident through its industry-leading compliance program that spans the entire enterprise, supported by the Board of Directors and Executive Leadership Team. With a team of over 1,000 clinicians, AdaptHealth provides leading therapies and leverages scale and technology to deliver crucial therapies on time and at lower cost. The company's innovation in technology, such as proprietary cloud-based mobile delivery software, has established AdaptHealth as an industry leader in tech-enabled patient engagement. Additionally, AdaptHealth manages a fleet of vehicles for delivering products to customers and operates retail storefronts, warehouses, and office spaces.

Summarized from source with an LLMView SourceSector: Finance

Net Revenue

AdaptHealth Corp. reported net revenue of $806.0 million for the second quarter of 2024, reflecting a 1.6% increase compared to $793.3 million in the same quarter of the previous year.

Net Income

For the second quarter of 2024, AdaptHealth Corp. achieved a net income of $19.4 million, marking a significant 39.0% increase from the $14.0 million reported in the second quarter of 2023.

Adjusted EBITDA

AdaptHealth Corp.'s adjusted EBITDA for the second quarter of 2024 was $165.3 million, which represents a 3.3% decrease from the $171.0 million recorded in the same period of the previous year.

Cash Flow

Year-to-date 2024, AdaptHealth Corp. generated $247.0 million in cash flow from operations, up from $226.6 million during the comparable period in 2023. Free cash flow also increased to $77.9 million from $54.8 million year-to-date 2023.

Financial Outlook

AdaptHealth Corp. has updated its financial guidance for fiscal year 2024, adjusting the midpoint for net revenue to $3.255 billion to $3.315 billion. The company maintained the midpoint for adjusted EBITDA and increased the midpoint for free cash flow to $160 million to $180 million.

Summarized from source with an LLMView Source

Key figures

41.7%1Y

-57.6%3Y

-4.29%5Y

Performance

64.0%1Y

63.4%3Y

62.6%5Y

Volatility