AHCO
AdaptHealth Corp
AdaptHealth Corp
$AHCO reports Q1 revenue growth of 5.2% driven by sleep categories, but net income declines 2.5% due to diabetes slump. Company ratifies cost management program to restore operating model to pre-pandemic levels.
Healthcare-at-home solutions provider, AdaptHealth Corp reported Q1 2023 net revenue of $744.7m, up 5.2% YoY, driven by a 17.7% boost in sleep categories; however, net income declined 2.5%, attributed to a slump in diabetes business from declining pump and supplies categories, though a rebound was seen in respiratory business as pandemic subsides. AdaptHealth Corp's cost management programme aims to optimize supply chain infrastructure, rationalize its real estate footprint and restructure its operating model to pre-pandemic levels, enabling it to achieve its financial goals for the year.
4mo ago
$AHCO