Aveanna reports Q1 adjusted EPS (3c), consensus (5c)

Reports Q1 revenue $490.7M, consensus $483.98M. Jeff Shaner, Chief Executive Officer, commented, “Our first quarter results reflect the continued positive momentum at Aveanna, highlighted by revenue and Adjusted EBITDA growth of 5.2% and 22.5% respectively, when compared to the prior year period. These results are the product of our continued approach to transform our business with an emphasis on expanding our position as a leading, value-based homecare provider. We believe enhanced payor partnerships allow us to further invest in our caregivers and deliver more care to more patients in need. Additionally, our revised outlook demonstrates the positive results from our Strategic Transformation and our continued execution of our business plans. I want to thank the dedicated team of Aveanna leaders and caregivers that deliver our mission every day to patients and families in need.”