ADUS
Addus HomeCare Corporation113.49
-1.65-1.43%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
NM rates, M&A pipeline, home health focus
Q&A highlighted a likely 4-5% New Mexico rate increase for H2 2026, pending governor's signature, while Illinois budget lacks a hike yet. Management expects personal care census to turn positive YoY in H2 amid app rollouts to Texas and stable hiring post-storms. Home health gains a new market president and sales push for growth restart. Fraud scrutiny plays to Addus's compliance edge. Pipeline holds steady tuck-ins, larger personal care assets eyed midyear. Answers reinforce scripted growth story. Confident tone; watch rate realizations, M&A cadence.
Key Stats
Market Cap
2.10BP/E (TTM)
24.35Basic EPS (TTM)
4.66Dividend Yield
0%Recent Filings
10-K
FY2025 results
Addus HomeCare drove FY2025 net service revenues to $1.42B, up 23% y/y, with personal care surging 27% to $1.09B on 36% more billable hours despite 6% lower rates from acquisitions, while hospice climbed 15% to $263M via 9% higher census and 6% better revenue per day. Q4 momentum built on organic gains—personal care same-store revenue up 7%, hospice organic revenue accelerating 14%—with gross margins steady at 32.5% but G&A dipping to 22%. Acquisitions like Helping Hands and Gold Horses added scale in PA and TX; debt sits at $124M with $518M revolver room. Yet state Medicaid cuts loom large.
8-K
Q4 revenues up 25.6%
Addus HomeCare reported Q4 2025 net service revenues of $373.1 million, up 25.6% from $297.1 million a year ago, with net income hitting $29.8 million. Adjusted EBITDA surged 33.3% to $50.3 million, fueled by personal care's 76.6% revenue share and hospice's 16.0% organic growth. Full-year revenues reached $1.42 billion. Debt fell to $124.3 million.
10-Q
Q3 FY2025 results
Addus HomeCare drove Q3 revenue to $362.3M, up 25.0% y/y from $289.8M, with personal care surging 28% on Helping Hands (closed Aug 2025 for $21.4M cash, $19.0M goodwill, $1.2M state licenses) and Gentiva buys, while hospice grew 20% organically. Gross margin edged to 32.2% (vs 31.8% y/y); operating income climbed 27% to $32.9M. Diluted EPS hit $1.24, matching 18,390K shares. Cash swelled to $101.9M; revolver debt fell to $154.3M (5.92% rate) with $487.7M available under $650M facility to July 2028. Free cash flow not disclosed in the 10-Q. Acquisitions fuel scale, yet caregiver shortages linger.
8-K
Q3 revenues up 25%; Texas buy
Addus HomeCare posted Q3 net service revenues of $362.3 million, up 25.0% year-over-year, with net income at $22.8 million and adjusted EBITDA surging 31.6% to $45.1 million. Personal care drove growth at 76.1% of revenues, bolstered by 6.6% organic gains and a Texas rate hike. Completed $7.4 million Del Cielo acquisition October 1, expanding Texas density. Strong cash flow fuels debt paydown.
8-K
Dixon named Addus President/COO
Addus HomeCare appointed Heather Dixon as President and COO effective September 15, 2025, succeeding W. Bradley Bickham who transitions to CEO advisor until his March 2026 retirement. Dixon, ex-CFO of Acadia Healthcare with prior stints at Walgreens Boots Alliance and Aetna, gets $650,000 base, 90% target bonus, $1.5M signing bonus, and $3.1M restricted stock vesting over three years. Smooth handover secured.
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