Aveanna reports Q3 adjusted EPS (3c), consensus (3c)

Reports Q3 revenue $478M, consensus $453.7M. Jeff Shaner, CEO, commented “Our third quarter results reflect the continued momentum in our business, highlighted by revenue and Adjusted EBITDA growth of 7.9% and 46.2% when compared to the prior year period. These strong results further affirm the Aveanna strategy to adapt and transform our business as we execute on our 2023 key initiatives. Enhanced payor partnerships allow us to further invest in our caregivers and broaden our care to more patients in need. We are delivering high-quality care to our patients at an exceptional value to our government and payor partners. I am proud of our Aveanna teammates’ efforts and the solid results they produced for the third quarter. We are confident in our revised outlook for the remainder of 2023.”