Addus HomeCare Q2 2024 revenue rises 10.4% to $286.9 million; EPS $1.10
Addus HomeCare reported second-quarter 2024 net service revenues of $286.9 million, up 10.4% from a year earlier, with net income of $18.1 million, or $1.10 per diluted share, compared with $14.9 million, or $0.91, in the prior-year quarter. Results also covered a pending $350.0 million acquisition of Gentiva's personal care operations, a planned sale of its New York operations, and a public offering that raised net proceeds of about $176.1 million.
Key points
- Net service revenues rose 10.4% to $286.9 million; adjusted EBITDA rose 24.7% to $35.3 million.
- Net income was $18.1 million, or $1.10 per diluted share, versus $0.91 a year earlier; adjusted EPS was $1.35 versus $1.07.
- Cash was $173.3 million at June 30, 2024; about $81.4 million of offering proceeds repaid all credit facility debt.
- The Gentiva acquisition is expected to close in the fourth quarter of 2024, subject to regulatory approvals.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2024.
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