Enhabit(US:EHAB)2024-08-08 12:44Financial Performance - Total net service revenue decreased by 06% year-over-year to $2606 million[9] - Adjusted EBITDA increased by 54% year-over-year to $252 million[11] - Adjusted EPS increased significantly by 750% year-over-year to $007[11] - Home health net service revenue decreased by 17% to $2102 million[9] - Hospice net service revenue increased by 39% to $504 million[9] Operational Metrics - Home Health - Home health total admissions increased by 64% year-over-year[26] - Non-Medicare admissions grew significantly by 252% year-over-year[7, 26] - Cost per visit decreased by 22% year-over-year to $89[7, 8] Operational Metrics - Hospice - Hospice average daily census increased by 27% year-over-year[7, 31] - Hospice admissions increased by 18% year-over-year[7, 31] Payor Innovation - 43% of non-Medicare visits are now under payor innovation contracts at improved rates[7, 13, 18] - Non-Medicare revenue per visit increased to $147[14, 18] Debt and Liquidity - Bank debt was reduced by $15 million in the quarter, and is down $30 million year-over-year[7] - The company made a voluntary $10 million payment, reducing the outstanding balance of the revolving credit facility from $180 million to $170 million[35] Guidance - Updated 2024 net service revenue guidance to $1050 to $1063 billion[39] - Updated 2024 Adjusted EBITDA guidance to $100 to $106 million[39] - Updated 2024 Adjusted EPS guidance to $019 to $037[39]