$AGTI reports 3.6% growth in 2022 revenue and positive outlook for 2023
Mar 7th 2023, 9:11 pm
Analyst Summary: Agiliti Inc., a healthcare technology management and service provider, has released its financial results for Q4 and full-year 2022. The company has reported $1.095 billion in revenue, showing a growth of 3.6% from the previous year, and a net leverage ratio of 3.1. The CEO, Tom Leonard, expresses confidence in the company's near-term financial outlook and excitement about its growth potential. Agiliti has served more than 10,000 acute care and alternate site providers across the US. The company aims to meet steady demand for its customers and continue executing on its proven strategy for 2023. Agiliti Inc. will hold a conference call to discuss its Q4 and full-year results on March 7. Investors are being warned of the risks associated with leadership succession, history of net losses, substantial interest and debt service obligation, and other Risk Factors. The company has disclosed non-GAAP measures, including EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Net Debt, and Net Leverage Ratio. Since these measures are not determined in accordance with GAAP, and are susceptible to varying interpretations and calculations, Agiliti cautions that these measures may not be comparable to other similarly titled measures of other companies. The company's robust financials reflect positively on the new CEO, Tom Boehning's leadership. During 2022, Agiliti acquired Northfield Medical and Sizewise to expand its presence in the market.