Quarterly ResultMay 4, 2026, 04:23 PM
Addus HomeCare Q1 Revenue $363.6M, EPS $1.36; Acquires Indiana Ops
AI Summary
Addus HomeCare Corporation reported strong first-quarter 2026 financial results, with net service revenues increasing 7.7% to $363.6 million and adjusted EBITDA rising 9.7% to $44.5 million year-over-year. Net income per diluted share was $1.36, while adjusted net income per diluted share grew 14.1% to $1.62. The company also announced its entry into the Indiana market with the acquisition of HomeCourt Home Care's personal care operations, generating approximately $9.7 million in annualized revenues, and an agreement for a second Indiana acquisition.
Key Highlights
- Net service revenues increased 7.7% to $363.6 million for Q1 2026.
- Net income was $25.1 million, or $1.36 per diluted share for Q1 2026.
- Adjusted EBITDA increased 9.7% year-over-year to $44.5 million for Q1 2026.
- Cash flow from operations rose to $52.4 million for Q1 2026.
- Acquired HomeCourt Home Care in Indiana with approximately $9.7 million in annualized revenues.
- Personal care organic revenue grew 6.5%, and hospice organic revenue grew 7.7%.
- Cash position of $103.1 million and bank debt of $94.3 million as of March 31, 2026.