NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating the proposed Acquisition of Agiliti, Inc. (NYSE: AGTI) (“Agiliti”) by Private Equity Firm Thomas H. Lee Partners, L.P. (“THL”). This investigation seeks to determine whether Agiliti shareholders are receiving adequate consideration and process. If you are a Agiliti shareholder, and wish to participate, learn more, or discuss the issues surrounding the in ...

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating the proposed Acquisition of Agiliti, Inc. (NYSE:AGTI) ("Agiliti") by Private Equity Firm Thomas H. Lee Partners, L.P. ("THL"). This investigation seeks to determine whether Agiliti shareholders are receiving adequate consideration and process. If you are a Agiliti shareholder, and wish to participate, learn more, or discuss the issues surrounding the inve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 or o Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 001-40361 AGILITI, INC. (Exact name of registrant as specified in its charter) Delaware 11095 Viking Drive 83-160 ...

Agiliti (AGTI) reported $291.99 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.7%. EPS of $0.13 for the same period compares to $0.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $291.99 million, representing no surprise. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.12.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Agiliti (AGTI) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this medical equipment services provider would post earnings of $0.10 per share when it actually produced earnings of $0.09, delivering a surprise of -10%.Over the last four quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) x Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-40361 AGILITI, INC. (Exact name of registrant as specified in its charter) Delaware 11095 Viking Drive, 83-160846 ...

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Agiliti Inc. (NYSE: AGTI) (“Agiliti”), a nationwide provider of healthcare technology management and service solutions to the healthcare industry, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Revenue growth of 4% to $292 million Net loss of $5.7 million, compared to net income of $3.4 million in the prior year period; diluted loss per share of $0.04, compared to diluted earnings per s ...

[Agiliti Financial Results for Fourth Quarter and Full-Year 2023](index=1&type=section&id=Agiliti%20Financial%20Results%20for%20Fourth%20Quarter%20and%20Full-Year%202023) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Agiliti's full-year 2023 revenue increased 5% to $1.17 billion, but net income shifted to a $19.4 million loss, and Adjusted EBITDA declined 10% [Fourth Quarter 2023 Highlights](index=1&type=section&id=Fourth%20Quarter%202023%20Highlights) Q4 2023 vs Q4 2022 Performance | Metric | Q4 2023 | Q4 2022 | Change | | :--- | :--- | :--- | :--- | | Revenue (in millions) | $292.0 | $281.7 | +3.7% | | Net Income (Loss) (in millions) | ($5.7) | $3.4 | -267.6% | | Diluted EPS (Loss) | ($0.04) | $0.02 | -300.0% | | Adjusted EBITDA (in millions) | $67.3 | $71.4 | -5.7% | | Adjusted EPS | $0.13 | $0.18 | -27.8% | [Full-Year 2023 Highlights](index=1&type=section&id=Full-Year%202023%20Highlights) Full-Year 2023 vs Full-Year 2022 Performance | Metric | FY 2023 | FY 2022 | Change | | :--- | :--- | :--- | :--- | | Revenue (in billions) | $1.17 | $1.12 | +4.8% | | Net Income (Loss) (in millions) | ($19.4) | $30.2 | -164.2% | | Diluted EPS (Loss) | ($0.14) | $0.22 | -163.6% | | Adjusted EBITDA (in millions) | $266.9 | $296.6 | -10.0% | | Adjusted EPS | $0.55 | $0.85 | -35.3% | Year-End 2023 Debt Position | Metric | Amount | | :--- | :--- | | Total Debt (in billions) | $1.08 | | Net Debt (in billions) | $1.06 | | Net Leverage Ratio | 3.97x | [Corporate Developments: Acquisition by THL Partners](index=1&type=section&id=Agiliti%20to%20be%20Taken%20Private%20by%20THL%20Partners) Agiliti announced a definitive merger agreement on February 26, 2024, to be acquired by its majority shareholder, THL Partners, for an enterprise value of approximately **$2.5 billion**, taking the company private - THL will acquire all outstanding shares of Agiliti common stock not already owned by THL and certain management for **$10.00 per share** in cash[6](index=6&type=chunk) - The transaction implies an enterprise value of approximately **$2.5 billion**[6](index=6&type=chunk) - The transaction has been approved by the majority shareholder, THL Agiliti LLC, and requires no other shareholder approval; upon completion, Agiliti will no longer be traded on the New York Stock Exchange[7](index=7&type=chunk) - Due to the pending transaction, Agiliti will not hold a conference call to discuss these financial results[7](index=7&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) This section presents Agiliti's detailed, audited Consolidated Statements of Operations, Balance Sheets, and Statements of Cash Flows, providing a comprehensive view of the company's financial performance and position [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Statement of Operations Highlights | Metric | Full-Year 2023 | Full-Year 2022 | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue (in thousands) | $1,174,604 | $1,121,292 | $291,986 | $281,679 | | Gross Margin (in thousands) | $404,103 | $430,974 | $98,556 | $107,579 | | Operating Income (in thousands) | $64,791 | $91,986 | $16,617 | $22,894 | | Interest Expense (in thousands) | $84,115 | $49,439 | $23,461 | $14,983 | | Net Income (Loss) Attributable to Agiliti (in thousands) | ($19,425) | $30,212 | ($5,711) | $3,371 | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Balance Sheet Highlights | Metric | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents (in thousands) | $20,037 | $5,577 | | Total current assets (in thousands) | $337,743 | $316,313 | | Goodwill (in thousands) | $1,239,432 | $1,239,106 | | Total Assets (in thousands) | $2,398,944 | $2,444,107 | | Long-term debt, less current portion (in thousands) | $1,061,062 | $1,077,293 | | Total Liabilities (in thousands) | $1,458,121 | $1,497,782 | | Total Equity (in thousands) | $940,823 | $946,325 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Statement of Cash Flows Highlights | Metric | Year Ended Dec 31, 2023 | Year Ended Dec 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities (in thousands) | $169,816 | $199,776 | | Net cash used in investing activities (in thousands) | ($83,892) | ($146,860) | | Net cash used in financing activities (in thousands) | ($71,464) | ($121,664) | | Net change in cash and cash equivalents (in thousands) | $14,460 | ($68,748) | | Cash and cash equivalents at end of period (in thousands) | $20,037 | $5,577 | [Non-GAAP Financial Measures](index=7&type=section&id=Non-GAAP%20Financial%20Measures) This section reconciles GAAP to non-GAAP financial measures like Adjusted EBITDA, Adjusted Net Income, and Adjusted EPS, used for internal performance evaluation and external analysis, with adjustments for non-recurring costs - The company uses non-GAAP measures like EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Net Debt, and Net Leverage Ratio for internal operational performance assessment and to aid external analysis[17](index=17&type=chunk) [Reconciliation to Adjusted EBITDA](index=7&type=section&id=Non-GAAP%20Financial%20Measure:%20Adjusted%20EBITDA) Adjusted EBITDA Reconciliation | Metric | Full-Year 2023 | Full-Year 2022 | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) attributable to Agiliti (in thousands) | ($19,425) | $30,212 | ($5,711) | $3,371 | | Interest, Taxes, D&A (in thousands) | $248,224 | $223,971 | $64,800 | $61,476 | | EBITDA (in thousands) | $228,799 | $254,183 | $59,089 | $64,847 | | Other Adjustments* (in thousands) | $38,064 | $42,382 | $8,246 | $6,556 | | **Adjusted EBITDA (in thousands)** | **$266,863** | **$296,565** | **$67,335** | **$71,403** | - *Other Adjustments include non-cash share-based compensation, transaction costs, management expenses (including severance), and loss on extinguishment of debt[18](index=18&type=chunk) [Reconciliation to Adjusted Net Income and Adjusted EPS](index=8&type=section&id=Non-GAAP%20Financial%20Measure:%20Adjusted%20Net%20Income%20and%20Adjusted%20EPS) Adjusted Net Income Reconciliation | Metric | Full-Year 2023 | Full-Year 2022 | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) attributable to Agiliti (in thousands) | ($19,425) | $30,212 | ($5,711) | $3,371 | | Pre-tax Adjustments* (in thousands) | $126,657 | $133,804 | $29,991 | $29,786 | | Income tax benefit associated with adjustments (in thousands) | ($30,655) | ($46,538) | ($6,950) | ($8,630) | | **Adjusted Net Income (in thousands)** | **$76,577** | **$117,488** | **$17,330** | **$24,520** | Adjusted EPS | Metric | Full-Year 2023 | Full-Year 2022 | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | :--- | :--- | | Adjusted EPS | $0.55 | $0.85 | $0.13 | $0.18 | [Net Debt and Net Leverage Ratio](index=9&type=section&id=Non-GAAP%20Financial%20Measure:%20Net%20Debt%20and%20Net%20Leverage%20Ratio) Net Debt Calculation as of Dec 31, 2023 | Component | Amount (in thousands) | | :--- | :--- | | Total Debt | $1,079,530 | | Less: Cash | ($20,037) | | **Net Debt (in thousands)** | **$1,059,493** | Net Leverage Ratio as of Dec 31, 2023 | Component | Amount (in thousands) | | :--- | :--- | | LTM Adjusted EBITDA | $266,863 | | **Net Leverage Ratio** | **3.97x** |

Agiliti (AGTI) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 5. On t ...

Agiliti (AGTI) shares soared 29.1% in the last trading session to close at $9.86. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.8% gain over the past four weeks.Agility scored a strong price increase, on investors’ optimism driven by the announcement that the company has entered into a merger agreement with an affiliate of its majority shareholder, Thomas H. Lee Partners, L.P. (“THL”). THL will acquire all outstanding shares ...