Addus HomeCare Corporation ( (ADUS) ) has released its Q1 earnings. Here is a breakdown of the information Addus HomeCare Corporation presented to its investors.
Addus HomeCare Corporation is a provider of home care services, including personal care, hospice, and home health services, catering primarily to individuals at risk of hospitalization or institutionalization, such as the elderly, chronically ill, and disabled, across 23 states in the United States.
In the first quarter of 2025, Addus HomeCare Corporation reported a robust financial performance with net service revenues increasing by 20.3% to $337.7 million compared to the same period last year. The company also achieved a net income of $21.2 million, or $1.16 per diluted share, reflecting a significant improvement from the previous year.
Key financial metrics highlighted in the earnings report include a 17.4% increase in adjusted net income per diluted share to $1.42 and a 25.1% rise in adjusted EBITDA to $40.6 million. The growth was driven by a 7.4% organic revenue increase in the personal care segment, bolstered by the integration of Gentiva’s personal care operations, and a 9.9% organic revenue growth in the hospice care segment.
Addus HomeCare’s strategic focus remains on expanding its market presence and enhancing its service offerings. The company maintains a strong balance sheet with $97.0 million in cash and a conservative leverage position, providing flexibility for future investments and acquisitions.
Looking ahead, Addus HomeCare is optimistic about continuing its growth trajectory by leveraging its expanded operations and focusing on providing comprehensive care services. The company aims to capitalize on favorable market trends and further strengthen its role as a leading provider of home-based care services.