Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q4 2022 Earnings Conference Call March 16, 2023 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer and Corporate Secretary Jeff Shaner - CEO David Afshar - CFO Conference Call Participants Taji Phillips - Jefferies Joanna Gajuk - Bank of America Benjamin Shaver - Deutsche Bank Ben Hendrix - RBC Capital Markets Matt Borsch - Water Tower Research Operator Good morning, and welcome to Aveanna's Healthcare Holdings Fourth Quarter and Full Year 202 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ 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 001-40362 400 Interstate North Parkway SE Atlanta, GA 30339 (Address of principal executive offices, including zip code) Aveanna Healthca ...

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Shannon Drake – Chief Legal Officer and Corporate Secretary Tony Strange – President and Chief Executive Officer Jeff Shaner – Chief Operating Officer David Afshar – Chief Financial Officer Conference Call Participants Taji Phillips – Jefferies Joanna Gajuk – Bank of America Pito Chickering – Deutsche Bank Ben Hendrix – RBC Operator Good morning, and welcome to Aveanna Healthca ...

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer and Corporate Secretary Rod Windley - Executive Chairman Tony Strange - Chief Executive Officer and President David Afshar - Chief Financial Officer Jeff Shaner - Chief Operating Officer Conference Call Participants Joanna Gajuk - Bank of America Brian Tanquilut - Jefferies Matt Borsch - BMO Capital Markets A.J. Rice - Credit Suisse Sarah James ...

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer & Corporate Secretary Tony Strange - President & CEO Jeff Shaner - Chief Operating Officer Dave Afshar - CFO Conference Call Participants Matt Borsch - BMO Capital Markets Joanna Gajuk - Bank of America Pito Chickering - Deutsche Bank Brian Tanquilut - Jefferies Sarah James - Barclays A.J. Rice - Credit Suisse Ben Hendrix - RBC Capital Markets John ...

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q4 2021 Earnings Conference Call March 29, 2022 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer and Corporate Secretary Tony Strange - President and CEO David Afshar - Chief Financial Officer Jeff Shaner - Chief Operating Officer Rod Windley - Executive Chairman Conference Call Participants Pito Chickering - Deutsche Bank Sarah James - Barclays A.J. Rice - Credit Suisse Matthew Borsch - BMO Capital Markets Joanna Gajuk - BofA Securities Op ...

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Q3 2021 Earnings Conference Call November 16, 2021 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer and Corporate Secretary Rod Windley - Executive Chairman Tony Strange - President and CEO David Afshar - Chief Financial Officer Jeff Shaner - Chief Operating Officer Conference Call Participants Joanna Gajuk - Bank of America A.J. Rice - Credit Suisse Sarah James - Barclays Brian Tanquilut - Jefferies Justin Bowers - Deutsche Bank Matt Borsch ...

Financial Data and Key Metrics Changes - Revenues for Q2 2021 were $436 million, a 24% increase from $352 million in Q2 2020, and up from $417 million in Q1 2021 [10][33] - Gross margins improved to 33.6% in Q2 2021 from 30.3% in Q2 2020 and 31.6% in Q1 2021 [11][36] - EBITDA for Q2 2021 was $49 million, a 31% increase year-over-year from $37 million in Q2 2020 [11][40] - Adjusted earnings per diluted share for Q2 2021 was $0.10, compared to $0.08 in Q1 2021 [11] Business Line Data and Key Metrics Changes - Private Duty Services (PDS) revenue was $349.7 million, an 11.3% year-over-year growth, driven by 9.92 million hours of care provided [22] - Home Health & Hospice revenue reached $50.1 million, a 59% increase over Q1 2021, with episodic admissions growing 87% [27] - Medical Solutions revenue was $36.4 million, reflecting an 11.1% year-over-year growth [29] Market Data and Key Metrics Changes - Over 50% of the states serviced will increase reimbursement rates or expand covered benefits for home care services [13] - The proposed Medicare rule indicates a 1.7% increase in home health reimbursement, while hospice services are expected to see a 2% increase [14][15] Company Strategy and Development Direction - The company aims to maintain growth rates in the mid- to high teens, supported by recent acquisitions and a strong reimbursement environment [10][19] - Aveanna is focused on expanding its Home Health & Hospice segment, which now constitutes 11.5% of Q2 revenue [25] - The company plans to continue its aggressive acquisition strategy, targeting $150 million to $200 million in revenue per year [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth rates and improving margins despite challenges in the labor market [11][19] - The reimbursement environment is viewed positively, with expectations for continued support for home care services [15] - Management highlighted the importance of innovative recruitment strategies to address labor shortages [49][50] Other Important Information - The company completed refinancing of $860 million in debt, significantly reducing capital costs and providing access to additional capital for acquisitions [16][43] - Cash on the balance sheet was $107 million, with total liquidity of $287 million at the end of Q2 2021 [41] Q&A Session Summary Question: Labor recruitment and retention environment - Management acknowledged ongoing challenges in recruiting nurses, exacerbated by the pandemic, but noted innovative strategies to attract and retain staff [48][49] Question: Value-based care contracts - Management confirmed participation in value-based reimbursement programs in two states and expressed optimism about future opportunities [56][57] Question: Rate increases in covered states - Management indicated that rate increases have been achieved in five of the top seven states and expressed confidence in securing additional rate wins [60][63] Question: Impact of legislation on strategy - Management stated that current legislative discussions align with the company's strategy and emphasized the importance of home care in the healthcare continuum [66][68] Question: Sensitivity of recruitment to wage increases - Management provided historical context showing that wage increases can lead to improved recruitment and retention, particularly in California [70][71]

Aveanna Healthcare Holdings, Inc. (NASDAQ:AVAH) Q1 2021 Results Conference Call May 26, 2021 10:00 AM ET Company Participants Shannon Drake - Chief Legal Officer and Corporate Secretary Rod Windley - Executive Chairman Tony Strange - Chief Executive Officer, President David Afshar - Chief Financial Officer Jeff Shaner - Chief Operating Officer Conference Call Participants Steven Valiquette - Barclays Matt Borsch - BMO Capital Markets Lisa Gill - JP Morgan A.J. Rice - Credit Suisse Joanna Gajuk - Bank of Am ...