Addus HomeCare Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 01:45 am IST
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Addus HomeCare Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 15.41 million compared to USD 11.54 million a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 0.71 a year ago.
For the nine months, net income was USD 42.94 million compared to USD 31.26 million a year ago. Diluted earnings per share from continuing operations was USD 2.63 compared to USD 1.94 a year ago.
Addus HomeCare Corporation is engaged in providing home care services. Its segments include Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, to persons who are at increased risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled. The services it provides include assistance with bathing, grooming, feeding and dressing, medication reminders and others. The Hospice segment provides physical, emotional and spiritual care for people who are terminally ill and related services for their families. The Hospice services it provides include palliative nursing care, social work, spiritual counseling, homemaker services and bereavement counseling. Its Home Health segment provides services that are medical in nature to individuals who may require assistance during an illness or after hospitalization and includes skilled nursing and physical, occupational and speech therapy.