Aveanna ups guidance

 

• Second Quarter Revenue was $505.0 million, a 7.0% increase over the prior year
  • Gross margin increased 1.9% to $158.3 million, compared to Q2 2023
• Second Quarter Net income was $13.9 million, compared to net income of $25.6 million in the comparable prior year period
  • Adjusted Net income was $2.5 million, an increase of $6.6 million over the comparable prior year period
• Adjusted EBITDA was $45.6 million, a 27.3% increase as compared to the prior year period
• Full Year 2024 Revenue guidance raised to greater than $1,985 million
• Full Year 2024 Adjusted EBITDA guidance raised to greater than $158 million

Conference Call

Aveanna will host a conference call on Thursday, August 8, 2024, at 10:00 a.m. Eastern Time to discuss our second quarter results. The conference call can be accessed live over the phone by dialing 1-877-407-0789, or for international callers, 1-201-689-8562. A telephonic replay of the conference call will be available until August 15, 2024, by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13746737. A live webcast of our conference call will also be available under the Investor Relations section of our website: https://ir.aveanna.com/. The online replay will also be available for one week following the call.

https://www.globenewswire.com/news-release/2024/08/08/2926722/0/en/Aveanna-Healthcare-Holdings-Announces-Second-Quarter-2024-Financial-Results-and-Revised-2024-Outlook.html