Aveanna raises FY23 revenue view to $1.87B-$1.88B from $1.85B-$1.86B

FY23 consensus $1.86B. Raises FY23 adjusted EBITDA view to $134M-$137M from $132M-$135M. Matt Buckhalter, Interim CFO, commented “I am pleased with the continued execution of our 2023 strategic initiatives during the third quarter. Aveanna’s performance is highlighted by the 7.9% growth in revenue and 46.2% growth in Adjusted EBITDA as compared to prior year period. The cost reduction efforts implemented earlier this year have positively impacted our cash flow generated from operations in Q3. Additionally, the demonstrated success of our preferred payor and government partner strategy gives us confidence in our revised 2023 guidance.”