Quarterly ResultMay 6, 2026, 04:15 PM
Pennant Q1 Revenue $285.4M, up 36%; Adj. EPS $0.32
AI Summary
Pennant Group reported strong financial results for the first quarter ended March 31, 2026, with significant revenue and adjusted earnings growth. The company achieved total revenue of $285.4 million, a 36.0% increase year-over-year, and adjusted diluted earnings per share of $0.32. Management highlighted successful integration of newly acquired operations and strong performance in mature businesses, driving operational excellence across both segments. An updated investor presentation will be available on the company's website.
Key Highlights
- Total revenue for Q1 2026 was $285.4 million, a 36.0% increase over the prior year quarter.
- GAAP diluted earnings per share for Q1 2026 was $0.24.
- Adjusted diluted earnings per share for Q1 2026 was $0.32.
- Net income for Q1 2026 was $8.5 million, a 9.6% increase over the prior year quarter.
- Consolidated Adjusted EBITDA for Q1 2026 was $21.7 million, a 32.6% increase.
- Home Health and Hospice Services segment revenue grew 43.3% to $229.1 million.
- Senior Living Services segment revenue increased 12.6% to $56.3 million.
- Total home health admissions rose 62.7% to 30,721.