What is Addus Homecare's gross profit margin?

What were the key takeaways from Addus Homecare's earnings call?

What factors drove the changes in Addus Homecare's revenue and profit?

What were the key takeaways from Addus Homecare’s earnings call?

What is the market's earnings forecast for Addus Homecare next quarter?

What guidance did Addus Homecare's management provide for the next earnings period?

What is Addus Homecare's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Addus Homecare year over year?

- **Revenue Growth**: Q3 2025 revenue of $362.3M (+25% YoY), driven by personal care (76.1% of revenue) and rate increases in Texas (+9.9%) and Illinois (+3.9%).
- **Acquisition Activity**: Acquired Del Cielo Home Care in Texas, adding $12.7M annualized revenue, and Helping Hands in Pennsylvania.
- **Hospice Momentum**: Same-store revenue up 19% YoY, with 25% of admissions in New Mexico and Tennessee sourced from home health.
- **Financial Health**: Adjusted EBITDA of $45.1M (+31.6% YoY), net leverage under 1x, and $51.3M cash flow from operations.
- **Strategic Initiatives**: Caregiver app rollout in Illinois and New Mexico, improving billable hours and volume growth.

**【CEO Summary Section】**
- **Revenue Performance**: Q3 2025 revenue $362.3M (+25% YoY), adjusted EPS $1.56 (+20% YoY), EBITDA $45.1M (+31.6% YoY).
- **Leadership Transition**: Heather Dixon as COO, Brad Bickham retiring in March 2026.
- **Rate Increases**: Texas (+9.9%) and Illinois (+3.9%) add ~$17M annualized revenue each.
- **Acquisition**: Del Cielo Home Care in Texas, $12.7M annualized revenue.
- **Operational Metrics**: 113 hires/day (+6.6% QoQ), 86 starts/day, strong cash flow ($50M Q3).

**【CFO Financial Commentary】**
- **Segment Breakdown**: Personal care 76.1%, hospice 19%, home health 4.9%.
- **Gross Margin**: 32.2% (+0.4% YoY), benefiting from hospice rate update.
- **G&A Efficiency**: 21.9% of revenue, down 0.2% YoY.
- **Liquidity**: $102M cash, $154M debt, net leverage <1x.
- **Tax Rate**: 24.7%, stable in mid-20s for 2025.

**【Q&A Highlights】**
- **Caregiver App**: Illinois billable hours +2.4% YoY, rolling out to New Mexico.
- **Home Health Strategy**: Focused on small, strategic acquisitions in markets with existing services.
- **Medicare Cap**: No liability in Q3, improved mix management.
- **Rate Environment**: Texas and Illinois rate increases offset home health uncertainty.
- **Acquisition Pipeline**: Targeting low-multiple, density-boosting deals in personal care and clinical segments.

Addus HomeCare Corporation (ADUS) Q3 2025 Earnings Call Transcript

Personal Care

Hospice

Home Health

ADUS

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