Quarterly ResultMay 6, 2026, 04:17 PM
Pennant Group Q1 Revenue +36% to $285.4M; EPS $0.24
AI Summary
Pennant Group reported strong financial results for the first quarter of 2026, with revenue increasing by 36.0% to $285.4 million and net income attributable to the company rising by 9.6% to $8.5 million. Diluted earnings per share also grew by 9.1% to $0.24. The company continued its expansion efforts with subsequent acquisitions of one senior living community's real estate and new leases for three additional senior living communities in April and May 2026.
Key Highlights
- Revenue increased 36.0% to $285.4 million for the three months ended March 31, 2026.
- Net income attributable to Pennant Group rose 9.6% to $8.5 million.
- Diluted earnings per share grew 9.1% to $0.24 for the quarter.
- Home Health and Hospice Services revenue increased 43.5% to $228.8 million.
- Senior Living Services revenue increased 10.3% to $54.7 million.
- Net cash used in operating activities improved to $(3.4) million from $(21.2) million.
- Subsequent to quarter-end, acquired one senior living community's real estate for $2.0 million.
- Entered new leases for three senior living communities with 263 units on May 1, 2026.
Price Impact
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