{"success":true,"data":{"pressRelease":{"id":"19651","rtpr_id":"nBwb6HlvQa","ticker":"ADUS","exchange":"NASDAQ","all_tickers":["ADUS"],"title":"Addus HomeCare Announces First Quarter 2026 Financial Results","author":"Business Wire","published_at":"2026-05-04T20:05:00.707Z","article_body":"Addus HomeCare Announces First Quarter 2026 Financial Results\n\nAcquires Personal Care Operations in State of Indiana with Plans for Further\nExpansion\n\nAddus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services,\ntoday announced its financial results for the first quarter ended March 31,\n2026.\n\nFirst Quarter 2026 Highlights:\n\n\n * Net Service Revenues Increase 7.7% to $363.6 Million\n\n * Net Income of $25.1 Million, or $1.36 per Diluted Share\n\n * Adjusted Net Income per Diluted Share Increases 14.1% year-over-year to $1.62\n\n * Adjusted EBITDA Increases 9.7% year-over-year to $44.5 Million\n\n * Cash Flow from Operations increased to $52.4 Million\n\n * Announced Acquisition in State of Indiana and Agreement for Additional Indiana\nAcquisition\n\nOverview\n\nNet service revenues were $363.6 million for the first quarter of 2026, a 7.7%\nincrease compared with $337.7 million for the first quarter of 2025. Net\nincome was $25.1 million for the first quarter of 2026 compared with $21.2\nmillion for the first quarter of 2025, while net income per diluted share was\n$1.36 compared with $1.16 for the same period a year ago. Adjusted EBITDA\nincreased 9.7% to $44.5 million for the first quarter of 2026 from $40.6\nmillion for the first quarter of 2025. Adjusted net income was $30.0 million\nfor the first quarter of 2026 compared with $26.0 million for the prior-year\nperiod, while adjusted net income per diluted share was $1.62 compared with\n$1.42 for the first quarter of 2025. Adjusted net income per diluted share for\nthe first quarter of 2026 excludes acquisition expenses of $0.06 and\nstock-based compensation expense of $0.20. (See the end of press release for a\nreconciliation of all non-GAAP and GAAP financial measures.)\n\nCommenting on the results, Dirk Allison, Chairman and Chief Executive Officer,\nsaid, “Addus had a solid start to 2026, delivering an improved\nyear-over-year financial and operating performance with revenue up 7.7% and\nadjusted EBITDA up 9.7% over the first quarter last year. These results\nreflect continued demand for our home-based care services across the\ncontinuum. Addus is well positioned to meet this demand as we continue to\nexpand our market reach and add density in the states where we operate. Our\nhiring trends have been stable and consistent in the first quarter despite\nsome brief winter weather interruptions in January. We are proud of the\ndedicated caregivers who represent Addus and continue to provide outstanding\ncare and support to the patients and families who rely on us for quality care\nin their preferred home setting.\n\n“Our personal care business, which accounted for 77.3% of our revenues, was\nthe primary driver of our growth with a 6.5% organic revenue increase over the\nfirst quarter last year. We benefitted from higher volumes as well as\nadditional rate support from two key states, including a 9.9% increase in\nTexas that was effective September 1, 2025, and a 3.9% increase from the State\nof Illinois that was effective beginning January 1, 2026. We are pleased that\nour strong value proposition as a cost-effective provider is being recognized\nby the states where we serve clients.\n\n“Our hospice care business has performed well and accounted for 18.1% of our\nrevenue for the first quarter. We have seen consistent trends in our hospice\nsegment, resulting in 7.7% organic revenue growth over the first quarter of\nlast year and year-over-year improvement in average daily census. Our home\nhealth business represented 4.6% of revenue for the first quarter. We believe\nhome health provides important complementary capabilities and clinical\ncollaboration for our personal care and hospice care segments as we see more\npatients in select markets receive the benefit of the full continuum of\ncare,” said Allison.\n\nIndiana Acquisition Supports Market Expansion\n\nThe Company also announced it acquired the personal care operations of\nHomeCourt Home Care (“HomeCourt”) on May 1, 2026. Based in Fort Wayne,\nIndiana, HomeCourt serves approximately 240 clients and has annualized\nrevenues of approximately $9.7 million. The Company also entered into a\ndefinitive agreement to acquire additional Indiana operations of a similar\nsize to further expand geographic reach in the state, which is expected to\nclose later this year.\n\nAllison added, “We are excited to announce this acquisition, which marks our\nentry into Indiana, a new market for Addus and our plans to further grow in\nthe state. Acquisitions remain an integral part of our growth strategy, and we\nare pleased to welcome HomeCourt Home Care to our personal care operations.\nThis transaction and our planned additional transaction are aligned with our\nstrategy of expanding our personal care footprint in select markets and\ncreating density in markets where we operate. We expect the HomeCourt\ntransaction to be immediately accretive to our financial results. We look\nforward to further expanding our coverage and capabilities in Indiana.”\n\nCash and Liquidity\n\nAs of March 31, 2026, the Company had cash of $103.1 million and bank debt of\n$94.3 million, with capacity and availability under its revolving credit\nfacility of $650.0 million and $547.8 million, respectively. Net cash provided\nby operating activities was $52.4 million for the first quarter of 2026.\n\nAllison added, “For the first quarter of 2026, we continued to generate\nconsistent cash flow from operations and maintain a strong balance sheet. Our\nconservative leverage position allows us flexibility to make strategic\ninvestments in our business and to evaluate and pursue additional acquisition\nopportunities like those announced today. We have a strong development team\nwith a proven track record, and we will continue our disciplined approach\nfocused on both non-clinical and clinical acquisition opportunities where we\ncan increase both density and geographic coverage. We see important synergies\nin offering the full care continuum as we build scale and expand our market\ncoverage, and we are optimistic that we will see additional acquisition\nopportunities in 2026.\n\nLooking Ahead\n\n“We are pleased with the favorable trends in our business and believe we\nhave significant opportunities in 2026 for continued organic growth and for\nderiving additional value from acquired operations. Addus plays an important\nrole in our nation’s health care delivery system as a leading provider of\nquality, cost-effective care in the preferred home setting. We have a\ndedicated team of caregivers who work tirelessly every day to provide\noutstanding care across our markets. We look forward to the opportunities\nahead for Addus in 2026 to deliver value to the clients we serve and our\nshareholders,” added Allison.\n\nNon-GAAP Financial Measures\n\nThe information provided in this release includes adjusted net income,\nadjusted EBITDA, adjusted net income per diluted share and adjusted net\nservice revenue, which are non-GAAP financial measures. The Company defines\nadjusted net income as net income before acquisition expense, stock-based\ncompensation expense, restructuring and other non-recurring costs, and the\ngain or loss on the sale of assets. The Company defines adjusted EBITDA as\nearnings before net interest expense, taxes, depreciation, amortization,\nacquisition expense, stock-based compensation expense, restructuring and other\nnon-recurring costs, and the gain or loss on the sale of assets. The Company\ndefines adjusted net income per diluted share as net income per share,\nadjusted for acquisition expense, stock-based compensation expense,\nrestructuring and other non-recurring costs, and gain or loss on the sale of\nassets. The Company defines adjusted net service revenues as revenue adjusted\nfor the closure of certain sites. The Company has provided, in the financial\nstatement tables included in this press release, a reconciliation of adjusted\nnet income to net income, a reconciliation of adjusted EBITDA to net income, a\nreconciliation of adjusted diluted net income per share to net income per\nshare, and a reconciliation of adjusted net service revenues to net service\nrevenues, in each case, the most directly comparable GAAP measure. Management\nbelieves that adjusted net income, adjusted EBITDA, adjusted diluted net\nincome per share, and adjusted net service revenues are useful to investors,\nmanagement and others in evaluating the Company’s operating performance, to\nprovide investors with insight and consistency in the Company’s financial\nreporting and to present a basis for comparison of the Company’s business\noperations among periods, and to facilitate comparison with the results of the\nCompany’s peers.\n\nConference Call\n\nAddus HomeCare will host a conference call on Tuesday, May 5, 2026, at 9:00\na.m. Eastern Time. Joining the call from the Company will be Dirk Allison,\nChairman and CEO, Brian Poff, Executive Vice President and CFO, and Heather\nDixon, President and COO. To access the live call, dial (833) 629-0620\n(international dial-in number is (412) 317-1805) and ask to join the Addus\nHomeCare earnings call. A telephonic replay of the conference call will be\navailable through midnight on May 12, 2026, by dialing (855) 669-9658\n(international dial-in number is (412) 317-0088) and entering pass code\n7882999.\n\nA live broadcast of Addus HomeCare’s conference call will be available under\nthe Investor Relations section of the Company’s website: www.addus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.addus.com&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.addus.com&index=1&md5=48047dcaa48171bc046352bf48f45bda)\n. An online replay will also be available on the Company’s website for one\nmonth, beginning approximately two hours following the conclusion of the live\nbroadcast.\n\nForward-Looking Statements\n\nCertain matters discussed in this press release constitute forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995. Such forward-looking statements may be identified by words such as\n“preliminary,” “continue,” “expect,” and similar expressions.\nThese forward-looking statements are based on our current expectations and\nbeliefs concerning future developments and their potential effect on us.\nForward-looking statements involve a number of risks and uncertainties that\nmay cause actual results to differ materially from those expressed or implied\nby such forward-looking statements, including discretionary determinations by\ngovernment officials, the consummation and integration of acquisitions,\ntransition to managed care providers, our ability to successfully execute our\ngrowth strategy, unexpected increases in SG&A and other expenses, expected\nbenefits and unexpected costs of acquisitions and dispositions, management\nplans related to dispositions, the possibility that expected benefits may not\nmaterialize as expected, the failure of the business to perform as expected,\nchanges in reimbursement, changes in government regulations, changes in Addus\nHomeCare’s relationships with referral sources, increased competition for\nAddus HomeCare’s services, changes in the interpretation of government\nregulations, the uncertainty regarding the outcome of discussions with managed\ncare organizations, changes in tax rates, the impact of adverse weather,\nhigher than anticipated costs, lower than anticipated cost savings, estimation\ninaccuracies in future revenues, margins, earnings and growth, whether any\nanticipated receipt of payments will materialize, any security breaches,\ncyber-attacks, loss of data or cybersecurity threats or incidents, and other\nrisks set forth in the Risk Factors section in Addus HomeCare’s Annual\nReport on Form 10-K filed with the Securities and Exchange Commission on\nFebruary 24, 2026, which is available at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.sec.gov&index=2&md5=347d8f69bdc72b8b09626a21c926e817)\n. The financial information described herein and the periods to which they\nrelate are preliminary estimates that are subject to change and finalization.\nThere is no assurance that the final amounts and adjustments will not differ\nmaterially from the amounts described above, or that additional adjustments\nwill not be identified, the impact of which may be material. Addus HomeCare\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, future events or otherwise. In\naddition, these forward-looking statements necessarily depend upon\nassumptions, estimates and dates that may be incorrect or imprecise and\ninvolve known and unknown risks, uncertainties, and other factors.\nAccordingly, any forward-looking statements included in this press release do\nnot purport to be predictions of future events or circumstances and may not be\nrealized. (Unaudited tables and notes follow).\n\nAbout Addus HomeCare\n\nAddus HomeCare is a provider of home care services that primarily include\npersonal care services that assist with activities of daily living, as well as\nhospice and home health services. Addus HomeCare’s consumers are primarily\npersons who, without these services, are at risk of hospitalization or\ninstitutionalization, such as the elderly, chronically ill and disabled. Addus\nHomeCare’s payor clients include federal, state, and local governmental\nagencies, managed care organizations, commercial insurers, and private\nindividuals. Addus HomeCare currently provides home care services to\napproximately 62,750 patients and consumers through 263 locations across 24\nstates. For more information, please visit www.addus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.addus.com&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.addus.com&index=3&md5=080e5ea62c8396690e3b8fe9469be917)\n.\n   \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Condensed Consolidated Statements of Income \n (amounts and shares in thousands, except per share data) \n (Unaudited) \n   \n Income Statement Information: For the Three Months Ended March 31, \n 2026   2025 \n   \n Net service revenues $ 363,611   $ 337,708   \n Cost of service revenues   247,738     230,031   \n   \n Gross profit   115,873     107,677   \n   31.9 %   31.9 % \n General and administrative expenses   77,771     73,220   \n Depreciation and amortization   4,030     3,943   \n Total operating expenses   81,801     77,163   \n   \n Operating income from continuing operations   34,072     30,514   \n   \n Total interest expense, net   1,641     3,516   \n   \n Income before income taxes   32,431     26,998   \n Income tax expense   7,362     5,770   \n   \n Net income $ 25,069   $ 21,228   \n   \n Net income per diluted share: $ 1.36   $ 1.16   \n   \n   \n Weighted average number of common shares outstanding: \n Diluted   18,486     18,311   \n   \n   \n   \n   \n Cash Flow Information: For the Three Months Ended March 31, \n 2026   2025 \n   \n Net cash provided by operating activities $ 52,365   $ 18,949   \n Net cash used in investing activities   (1,692 )   (1,378 ) \n Net cash used in financing activities   (29,225 )   (19,528 ) \n   \n Net change in cash   21,448     (1,957 ) \n Cash at the beginning of the period   81,617     98,911   \n Cash at the end of the period $ 103,065   $ 96,954   \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Condensed Consolidated Balance Sheets \n (Amounts in thousands) \n (Unaudited) \n   \n   \n   \n March 31, \n 2026   2025 \n   \n Assets \n   \n Current assets \n Cash $ 103,065 $ 96,954 \n Accounts receivable, net   144,823   134,607 \n Prepaid expenses and other current assets   24,988   26,267 \n Total current assets   272,876   257,828 \n   \n Property and equipment, net   24,657   24,701 \n   \n Other assets \n Goodwill   996,680   972,347 \n Intangible assets, net   100,488   107,644 \n Operating lease assets   40,999   45,064 \n Total other assets   1,138,167   1,125,055 \n   \n Total assets $ 1,435,700 $ 1,407,584 \n   \n Liabilities and stockholders' equity \n   \n Current liabilities \n Accounts payable $ 14,040 $ 27,969 \n Accrued payroll   63,926   54,858 \n Accrued expenses   30,348   29,748 \n Operating lease liabilities, current portion   13,139   12,649 \n Government stimulus advance   14,637   8,702 \n Accrued workers compensation   13,385   14,010 \n Total current liabilities   149,475   147,936 \n   \n Long-term debt, less current portion, net of debt issuance costs   91,274   198,740 \n Long-term operating lease liabilities, less current portion   34,331   39,414 \n Deferred tax liabilities, net   44,205   25,986 \n Other long-term liabilities   255   125 \n Total long-term liabilities   170,065   264,265 \n   \n Total liabilities   319,540   412,201 \n   \n Total stockholders' equity   1,116,160   995,383 \n   \n Total liabilities and stockholders' equity $ 1,435,700 $ 1,407,584 \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Net Service Revenue by Segment \n (Amounts in thousands) \n (Unaudited) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Net Service Revenues by Segment \n   \n Personal Care $ 281,094 $ 258,286 \n Hospice   65,785   61,437 \n Home Health   16,732   17,985 \n Total Revenue $ 363,611 $ 337,708 \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Key Statistical and Financial Data (Unaudited) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Personal Care \n   \n States served at period end   23     23   \n Locations served at period end   200     199   \n Average billable census - same store (1)   49,287     50,340   \n Average billable census - acquistions   996     81   \n Average billable census - closed (2)   -     57   \n Average billable census total   50,283     50,478   \n Billable hours (in thousands)   10,733     10,201   \n Average billable hours per census per month   71.1     67.4   \n Billable hours per business day   167,699     159,395   \n Revenues per billable hour $ 26.16   $ 25.32   \n Organic growth \n - Revenue   6.5   %   7.4   % \n   \n Hospice \n   \n Locations served at period end   40     38   \n Admissions   3,417     3,474   \n Average daily census (3)   3,804     3,515   \n Average discharge length of stay   110.6     97.4   \n Patient days   342,359     316,319   \n Revenue per patient day $ 191.42   $ 194.23   \n Organic growth \n - Revenue   7.7   %   9.9   % \n - Average daily census   8.1   %   4.6   % \n   \n Home Health \n   \n Locations served at period end   22     23   \n New Admissions   4,694     4,708   \n Recertifications   2,523     2,982   \n Total Volume   7,217     7,690   \n Visits   80,892     94,593   \n Organic growth \n - Revenue   (6.6 ) %   1.3   % \n - New Admissions   (0.3 ) %   (3.7 ) % \n - Volume   (6.2 ) %   (4.6 ) % \n   \n Percentage of Revenues by Payor: \n   \n Personal Care \n   \n State, local and other governmental programs   49.7   %   51.5   % \n Managed care organizations   47.6     45.3   \n Private duty   2.2     2.7   \n Commercial   0.4     0.4   \n Other   0.1   %   0.1   % \n   \n Hospice \n   \n Medicare   94.4   %   92.4   % \n Commercial   2.8     3.9   \n Managed care organizations   2.3     3.3   \n Other   0.5   %   0.4   % \n   \n Home Health \n   \n Medicare   61.1   %   69.9   % \n Managed care organizations   23.7     21.2   \n State, local and other governmental programs   12.2     6.0   \n Commercial   2.5     2.5   \n Other   0.5   %   0.4   % \n   \n   \n (1) The average billable census in acquisitions of 14,449 for the three months ended March 31, 2025, was reclassified to average billable census - same stores for comparability purposes. \n (2) The average billable census for closed stores of 57 for the three months ended March 31, 2025 was reclassified to average billable census - closed stores for comparability purposes. \n (3) Exited sites would have reduced ADC for the three months ended March 31, 2026 and March 31, 2025 by 2 and 6, respectively. \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Reconciliation of Non-GAAP Financial Measures \n (Amounts in thousands, except per share data) \n (Unaudited) (1) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Reconciliation of Adjusted EBITDA to Net Income: (1) \n   \n Net income $ 25,069   $ 21,228   \n   \n Interest expense, net   1,641     3,516   \n Gain on the sale of assets   (16 )   (7 ) \n Income tax expense   7,362     5,770   \n Depreciation and amortization   4,030     3,943   \n Acquisition expenses   1,324     2,952   \n Stock-based compensation expense   5,000     3,170   \n Restructure and other non-recurring costs   104     -   \n   \n Adjusted EBITDA $ 44,514   $ 40,572   \n   \n   \n Reconciliation of Adjusted Net Income to Net Income: (2) \n   \n Net income $ 25,069   $ 21,228   \n   \n Gain on the sale of assets   (16 )   (7 ) \n Acquisition expenses   1,324     2,952   \n Stock-based compensation expense   5,000     3,170   \n Restructure and other non-recurring costs   104     -   \n Tax effect   (1,456 )   (1,306 ) \n   \n Adjusted Net Income   30,025     26,037   \n   \n   \n Reconciliation of Diluted Earnings per Share to Adjusted Diluted Earnings per Share: (3) \n   \n Diluted earnings per share $ 1.36   $ 1.16   \n   \n Acquisition expenses, per diluted share   0.06     0.13   \n Stock-based compensation expense per diluted share   0.20     0.13   \n   \n Adjusted net income per diluted share $ 1.62   $ 1.42   \n   \n Reconciliation of Net Service Revenues to Adjusted Net Service Revenues: (4) \n   \n Net service revenues $ 363,611   $ 337,708   \n   \n Revenue associated with the closure of certain sites   (109 )   (1,066 ) \n   \n Adjusted net service revenues $ 363,502   $ 336,642   \n   \n\n Footnotes: \n (1) We define Adjusted EBITDA as earnings before net interest expense, other \n non-operating income, taxes, depreciation, amortization, acquisition expense, \n stock-based compensation expense, restructure and other non-recurring costs \n and gain or loss on the sale of assets. Adjusted EBITDA is a performance \n measure used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n Additionally, our calculation of Adjusted EBITDA may not be comparable to \n similarly titled measures reported by other companies. We believe that \n Adjusted EBITDA is useful to investors, management and others in evaluating \n the Company's operating performance, to provide investors with insight and \n consistency in the Company's financial reporting and to present a basis for \n comparison of the Company's business among periods, and to facilitate \n comparison with results of the Company's peers. Additionally, we believe that \n Adjusted EBITDA is a measure widely used by securities analysts, investors and \n others to evaluate the financial performance of other public companies. The \n financial results presented in accordance with U.S GAAP and a reconciliation \n of this non-GAAP measure included within our Annual Report on Form 10-K should \n be carefully evaluated. \n   \n (2) We define Adjusted Net Income as net income before acquisition expenses, \n stock-based compensation expense, restructure and other non-recurring costs, \n and gain on the sale of assets. Adjusted Net Income is a performance measure \n used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n   \n (3) We define Adjusted diluted earnings per share as earnings per share, \n adjusted for acquisition expenses, stock-based compensation expense and \n restructure and other non-recurring costs, and gain on the sale of assets. \n Adjusted diluted earnings per share is a performance measure used by \n management that is not calculated in accordance with generally accepted \n accounting principles in the United States (GAAP). It should not be considered \n in isolation or as a substitute for net income, operating income or any other \n measure of financial performance calculated in accordance with GAAP. \n   \n (4) We define Adjusted net service revenues as revenue adjusted for the \n closure of certain sites. Adjusted net service revenues is a performance \n measure used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260504114668/en/\n(https://www.businesswire.com/news/home/20260504114668/en/)\n\nBrian W. Poff\n\nExecutive Vice President, Chief Financial Officer\n\nAddus HomeCare Corporation\n\n(469) 535-8200\n\ninvestorrelations@addus.com (mailto:investorrelations@addus.com)\n\nDru Anderson\n\nFINN Partners\n\n(615) 324-7346\n\ndru.anderson@finnpartners.com (mailto:dru.anderson@finnpartners.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwb6HlvQa","title":"Addus HomeCare Announces First Quarter 2026 Financial Results","author":"Business Wire","ticker":"ADUS","created":"2026-05-04T20:05:00.707Z","tickers":["ADUS"],"exchange":"NASDAQ","article_body":"Addus HomeCare Announces First Quarter 2026 Financial Results\n\nAcquires Personal Care Operations in State of Indiana with Plans for Further\nExpansion\n\nAddus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services,\ntoday announced its financial results for the first quarter ended March 31,\n2026.\n\nFirst Quarter 2026 Highlights:\n\n\n * Net Service Revenues Increase 7.7% to $363.6 Million\n\n * Net Income of $25.1 Million, or $1.36 per Diluted Share\n\n * Adjusted Net Income per Diluted Share Increases 14.1% year-over-year to $1.62\n\n * Adjusted EBITDA Increases 9.7% year-over-year to $44.5 Million\n\n * Cash Flow from Operations increased to $52.4 Million\n\n * Announced Acquisition in State of Indiana and Agreement for Additional Indiana\nAcquisition\n\nOverview\n\nNet service revenues were $363.6 million for the first quarter of 2026, a 7.7%\nincrease compared with $337.7 million for the first quarter of 2025. Net\nincome was $25.1 million for the first quarter of 2026 compared with $21.2\nmillion for the first quarter of 2025, while net income per diluted share was\n$1.36 compared with $1.16 for the same period a year ago. Adjusted EBITDA\nincreased 9.7% to $44.5 million for the first quarter of 2026 from $40.6\nmillion for the first quarter of 2025. Adjusted net income was $30.0 million\nfor the first quarter of 2026 compared with $26.0 million for the prior-year\nperiod, while adjusted net income per diluted share was $1.62 compared with\n$1.42 for the first quarter of 2025. Adjusted net income per diluted share for\nthe first quarter of 2026 excludes acquisition expenses of $0.06 and\nstock-based compensation expense of $0.20. (See the end of press release for a\nreconciliation of all non-GAAP and GAAP financial measures.)\n\nCommenting on the results, Dirk Allison, Chairman and Chief Executive Officer,\nsaid, “Addus had a solid start to 2026, delivering an improved\nyear-over-year financial and operating performance with revenue up 7.7% and\nadjusted EBITDA up 9.7% over the first quarter last year. These results\nreflect continued demand for our home-based care services across the\ncontinuum. Addus is well positioned to meet this demand as we continue to\nexpand our market reach and add density in the states where we operate. Our\nhiring trends have been stable and consistent in the first quarter despite\nsome brief winter weather interruptions in January. We are proud of the\ndedicated caregivers who represent Addus and continue to provide outstanding\ncare and support to the patients and families who rely on us for quality care\nin their preferred home setting.\n\n“Our personal care business, which accounted for 77.3% of our revenues, was\nthe primary driver of our growth with a 6.5% organic revenue increase over the\nfirst quarter last year. We benefitted from higher volumes as well as\nadditional rate support from two key states, including a 9.9% increase in\nTexas that was effective September 1, 2025, and a 3.9% increase from the State\nof Illinois that was effective beginning January 1, 2026. We are pleased that\nour strong value proposition as a cost-effective provider is being recognized\nby the states where we serve clients.\n\n“Our hospice care business has performed well and accounted for 18.1% of our\nrevenue for the first quarter. We have seen consistent trends in our hospice\nsegment, resulting in 7.7% organic revenue growth over the first quarter of\nlast year and year-over-year improvement in average daily census. Our home\nhealth business represented 4.6% of revenue for the first quarter. We believe\nhome health provides important complementary capabilities and clinical\ncollaboration for our personal care and hospice care segments as we see more\npatients in select markets receive the benefit of the full continuum of\ncare,” said Allison.\n\nIndiana Acquisition Supports Market Expansion\n\nThe Company also announced it acquired the personal care operations of\nHomeCourt Home Care (“HomeCourt”) on May 1, 2026. Based in Fort Wayne,\nIndiana, HomeCourt serves approximately 240 clients and has annualized\nrevenues of approximately $9.7 million. The Company also entered into a\ndefinitive agreement to acquire additional Indiana operations of a similar\nsize to further expand geographic reach in the state, which is expected to\nclose later this year.\n\nAllison added, “We are excited to announce this acquisition, which marks our\nentry into Indiana, a new market for Addus and our plans to further grow in\nthe state. Acquisitions remain an integral part of our growth strategy, and we\nare pleased to welcome HomeCourt Home Care to our personal care operations.\nThis transaction and our planned additional transaction are aligned with our\nstrategy of expanding our personal care footprint in select markets and\ncreating density in markets where we operate. We expect the HomeCourt\ntransaction to be immediately accretive to our financial results. We look\nforward to further expanding our coverage and capabilities in Indiana.”\n\nCash and Liquidity\n\nAs of March 31, 2026, the Company had cash of $103.1 million and bank debt of\n$94.3 million, with capacity and availability under its revolving credit\nfacility of $650.0 million and $547.8 million, respectively. Net cash provided\nby operating activities was $52.4 million for the first quarter of 2026.\n\nAllison added, “For the first quarter of 2026, we continued to generate\nconsistent cash flow from operations and maintain a strong balance sheet. Our\nconservative leverage position allows us flexibility to make strategic\ninvestments in our business and to evaluate and pursue additional acquisition\nopportunities like those announced today. We have a strong development team\nwith a proven track record, and we will continue our disciplined approach\nfocused on both non-clinical and clinical acquisition opportunities where we\ncan increase both density and geographic coverage. We see important synergies\nin offering the full care continuum as we build scale and expand our market\ncoverage, and we are optimistic that we will see additional acquisition\nopportunities in 2026.\n\nLooking Ahead\n\n“We are pleased with the favorable trends in our business and believe we\nhave significant opportunities in 2026 for continued organic growth and for\nderiving additional value from acquired operations. Addus plays an important\nrole in our nation’s health care delivery system as a leading provider of\nquality, cost-effective care in the preferred home setting. We have a\ndedicated team of caregivers who work tirelessly every day to provide\noutstanding care across our markets. We look forward to the opportunities\nahead for Addus in 2026 to deliver value to the clients we serve and our\nshareholders,” added Allison.\n\nNon-GAAP Financial Measures\n\nThe information provided in this release includes adjusted net income,\nadjusted EBITDA, adjusted net income per diluted share and adjusted net\nservice revenue, which are non-GAAP financial measures. The Company defines\nadjusted net income as net income before acquisition expense, stock-based\ncompensation expense, restructuring and other non-recurring costs, and the\ngain or loss on the sale of assets. The Company defines adjusted EBITDA as\nearnings before net interest expense, taxes, depreciation, amortization,\nacquisition expense, stock-based compensation expense, restructuring and other\nnon-recurring costs, and the gain or loss on the sale of assets. The Company\ndefines adjusted net income per diluted share as net income per share,\nadjusted for acquisition expense, stock-based compensation expense,\nrestructuring and other non-recurring costs, and gain or loss on the sale of\nassets. The Company defines adjusted net service revenues as revenue adjusted\nfor the closure of certain sites. The Company has provided, in the financial\nstatement tables included in this press release, a reconciliation of adjusted\nnet income to net income, a reconciliation of adjusted EBITDA to net income, a\nreconciliation of adjusted diluted net income per share to net income per\nshare, and a reconciliation of adjusted net service revenues to net service\nrevenues, in each case, the most directly comparable GAAP measure. Management\nbelieves that adjusted net income, adjusted EBITDA, adjusted diluted net\nincome per share, and adjusted net service revenues are useful to investors,\nmanagement and others in evaluating the Company’s operating performance, to\nprovide investors with insight and consistency in the Company’s financial\nreporting and to present a basis for comparison of the Company’s business\noperations among periods, and to facilitate comparison with the results of the\nCompany’s peers.\n\nConference Call\n\nAddus HomeCare will host a conference call on Tuesday, May 5, 2026, at 9:00\na.m. Eastern Time. Joining the call from the Company will be Dirk Allison,\nChairman and CEO, Brian Poff, Executive Vice President and CFO, and Heather\nDixon, President and COO. To access the live call, dial (833) 629-0620\n(international dial-in number is (412) 317-1805) and ask to join the Addus\nHomeCare earnings call. A telephonic replay of the conference call will be\navailable through midnight on May 12, 2026, by dialing (855) 669-9658\n(international dial-in number is (412) 317-0088) and entering pass code\n7882999.\n\nA live broadcast of Addus HomeCare’s conference call will be available under\nthe Investor Relations section of the Company’s website: www.addus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.addus.com&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.addus.com&index=1&md5=48047dcaa48171bc046352bf48f45bda)\n. An online replay will also be available on the Company’s website for one\nmonth, beginning approximately two hours following the conclusion of the live\nbroadcast.\n\nForward-Looking Statements\n\nCertain matters discussed in this press release constitute forward-looking\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995. Such forward-looking statements may be identified by words such as\n“preliminary,” “continue,” “expect,” and similar expressions.\nThese forward-looking statements are based on our current expectations and\nbeliefs concerning future developments and their potential effect on us.\nForward-looking statements involve a number of risks and uncertainties that\nmay cause actual results to differ materially from those expressed or implied\nby such forward-looking statements, including discretionary determinations by\ngovernment officials, the consummation and integration of acquisitions,\ntransition to managed care providers, our ability to successfully execute our\ngrowth strategy, unexpected increases in SG&A and other expenses, expected\nbenefits and unexpected costs of acquisitions and dispositions, management\nplans related to dispositions, the possibility that expected benefits may not\nmaterialize as expected, the failure of the business to perform as expected,\nchanges in reimbursement, changes in government regulations, changes in Addus\nHomeCare’s relationships with referral sources, increased competition for\nAddus HomeCare’s services, changes in the interpretation of government\nregulations, the uncertainty regarding the outcome of discussions with managed\ncare organizations, changes in tax rates, the impact of adverse weather,\nhigher than anticipated costs, lower than anticipated cost savings, estimation\ninaccuracies in future revenues, margins, earnings and growth, whether any\nanticipated receipt of payments will materialize, any security breaches,\ncyber-attacks, loss of data or cybersecurity threats or incidents, and other\nrisks set forth in the Risk Factors section in Addus HomeCare’s Annual\nReport on Form 10-K filed with the Securities and Exchange Commission on\nFebruary 24, 2026, which is available at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.sec.gov&index=2&md5=347d8f69bdc72b8b09626a21c926e817)\n. The financial information described herein and the periods to which they\nrelate are preliminary estimates that are subject to change and finalization.\nThere is no assurance that the final amounts and adjustments will not differ\nmaterially from the amounts described above, or that additional adjustments\nwill not be identified, the impact of which may be material. Addus HomeCare\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, future events or otherwise. In\naddition, these forward-looking statements necessarily depend upon\nassumptions, estimates and dates that may be incorrect or imprecise and\ninvolve known and unknown risks, uncertainties, and other factors.\nAccordingly, any forward-looking statements included in this press release do\nnot purport to be predictions of future events or circumstances and may not be\nrealized. (Unaudited tables and notes follow).\n\nAbout Addus HomeCare\n\nAddus HomeCare is a provider of home care services that primarily include\npersonal care services that assist with activities of daily living, as well as\nhospice and home health services. Addus HomeCare’s consumers are primarily\npersons who, without these services, are at risk of hospitalization or\ninstitutionalization, such as the elderly, chronically ill and disabled. Addus\nHomeCare’s payor clients include federal, state, and local governmental\nagencies, managed care organizations, commercial insurers, and private\nindividuals. Addus HomeCare currently provides home care services to\napproximately 62,750 patients and consumers through 263 locations across 24\nstates. For more information, please visit www.addus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.addus.com&esheet=54528193&newsitemid=20260504114668&lan=en-US&anchor=www.addus.com&index=3&md5=080e5ea62c8396690e3b8fe9469be917)\n.\n   \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Condensed Consolidated Statements of Income \n (amounts and shares in thousands, except per share data) \n (Unaudited) \n   \n Income Statement Information: For the Three Months Ended March 31, \n 2026   2025 \n   \n Net service revenues $ 363,611   $ 337,708   \n Cost of service revenues   247,738     230,031   \n   \n Gross profit   115,873     107,677   \n   31.9 %   31.9 % \n General and administrative expenses   77,771     73,220   \n Depreciation and amortization   4,030     3,943   \n Total operating expenses   81,801     77,163   \n   \n Operating income from continuing operations   34,072     30,514   \n   \n Total interest expense, net   1,641     3,516   \n   \n Income before income taxes   32,431     26,998   \n Income tax expense   7,362     5,770   \n   \n Net income $ 25,069   $ 21,228   \n   \n Net income per diluted share: $ 1.36   $ 1.16   \n   \n   \n Weighted average number of common shares outstanding: \n Diluted   18,486     18,311   \n   \n   \n   \n   \n Cash Flow Information: For the Three Months Ended March 31, \n 2026   2025 \n   \n Net cash provided by operating activities $ 52,365   $ 18,949   \n Net cash used in investing activities   (1,692 )   (1,378 ) \n Net cash used in financing activities   (29,225 )   (19,528 ) \n   \n Net change in cash   21,448     (1,957 ) \n Cash at the beginning of the period   81,617     98,911   \n Cash at the end of the period $ 103,065   $ 96,954   \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Condensed Consolidated Balance Sheets \n (Amounts in thousands) \n (Unaudited) \n   \n   \n   \n March 31, \n 2026   2025 \n   \n Assets \n   \n Current assets \n Cash $ 103,065 $ 96,954 \n Accounts receivable, net   144,823   134,607 \n Prepaid expenses and other current assets   24,988   26,267 \n Total current assets   272,876   257,828 \n   \n Property and equipment, net   24,657   24,701 \n   \n Other assets \n Goodwill   996,680   972,347 \n Intangible assets, net   100,488   107,644 \n Operating lease assets   40,999   45,064 \n Total other assets   1,138,167   1,125,055 \n   \n Total assets $ 1,435,700 $ 1,407,584 \n   \n Liabilities and stockholders' equity \n   \n Current liabilities \n Accounts payable $ 14,040 $ 27,969 \n Accrued payroll   63,926   54,858 \n Accrued expenses   30,348   29,748 \n Operating lease liabilities, current portion   13,139   12,649 \n Government stimulus advance   14,637   8,702 \n Accrued workers compensation   13,385   14,010 \n Total current liabilities   149,475   147,936 \n   \n Long-term debt, less current portion, net of debt issuance costs   91,274   198,740 \n Long-term operating lease liabilities, less current portion   34,331   39,414 \n Deferred tax liabilities, net   44,205   25,986 \n Other long-term liabilities   255   125 \n Total long-term liabilities   170,065   264,265 \n   \n Total liabilities   319,540   412,201 \n   \n Total stockholders' equity   1,116,160   995,383 \n   \n Total liabilities and stockholders' equity $ 1,435,700 $ 1,407,584 \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Net Service Revenue by Segment \n (Amounts in thousands) \n (Unaudited) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Net Service Revenues by Segment \n   \n Personal Care $ 281,094 $ 258,286 \n Hospice   65,785   61,437 \n Home Health   16,732   17,985 \n Total Revenue $ 363,611 $ 337,708 \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Key Statistical and Financial Data (Unaudited) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Personal Care \n   \n States served at period end   23     23   \n Locations served at period end   200     199   \n Average billable census - same store (1)   49,287     50,340   \n Average billable census - acquistions   996     81   \n Average billable census - closed (2)   -     57   \n Average billable census total   50,283     50,478   \n Billable hours (in thousands)   10,733     10,201   \n Average billable hours per census per month   71.1     67.4   \n Billable hours per business day   167,699     159,395   \n Revenues per billable hour $ 26.16   $ 25.32   \n Organic growth \n - Revenue   6.5   %   7.4   % \n   \n Hospice \n   \n Locations served at period end   40     38   \n Admissions   3,417     3,474   \n Average daily census (3)   3,804     3,515   \n Average discharge length of stay   110.6     97.4   \n Patient days   342,359     316,319   \n Revenue per patient day $ 191.42   $ 194.23   \n Organic growth \n - Revenue   7.7   %   9.9   % \n - Average daily census   8.1   %   4.6   % \n   \n Home Health \n   \n Locations served at period end   22     23   \n New Admissions   4,694     4,708   \n Recertifications   2,523     2,982   \n Total Volume   7,217     7,690   \n Visits   80,892     94,593   \n Organic growth \n - Revenue   (6.6 ) %   1.3   % \n - New Admissions   (0.3 ) %   (3.7 ) % \n - Volume   (6.2 ) %   (4.6 ) % \n   \n Percentage of Revenues by Payor: \n   \n Personal Care \n   \n State, local and other governmental programs   49.7   %   51.5   % \n Managed care organizations   47.6     45.3   \n Private duty   2.2     2.7   \n Commercial   0.4     0.4   \n Other   0.1   %   0.1   % \n   \n Hospice \n   \n Medicare   94.4   %   92.4   % \n Commercial   2.8     3.9   \n Managed care organizations   2.3     3.3   \n Other   0.5   %   0.4   % \n   \n Home Health \n   \n Medicare   61.1   %   69.9   % \n Managed care organizations   23.7     21.2   \n State, local and other governmental programs   12.2     6.0   \n Commercial   2.5     2.5   \n Other   0.5   %   0.4   % \n   \n   \n (1) The average billable census in acquisitions of 14,449 for the three months ended March 31, 2025, was reclassified to average billable census - same stores for comparability purposes. \n (2) The average billable census for closed stores of 57 for the three months ended March 31, 2025 was reclassified to average billable census - closed stores for comparability purposes. \n (3) Exited sites would have reduced ADC for the three months ended March 31, 2026 and March 31, 2025 by 2 and 6, respectively. \n   \n\n \n ADDUS HOMECARE CORPORATION AND SUBSIDIARIES \n Reconciliation of Non-GAAP Financial Measures \n (Amounts in thousands, except per share data) \n (Unaudited) (1) \n   \n For the Three Months \n \nEnded March 31, \n 2026   2025 \n Reconciliation of Adjusted EBITDA to Net Income: (1) \n   \n Net income $ 25,069   $ 21,228   \n   \n Interest expense, net   1,641     3,516   \n Gain on the sale of assets   (16 )   (7 ) \n Income tax expense   7,362     5,770   \n Depreciation and amortization   4,030     3,943   \n Acquisition expenses   1,324     2,952   \n Stock-based compensation expense   5,000     3,170   \n Restructure and other non-recurring costs   104     -   \n   \n Adjusted EBITDA $ 44,514   $ 40,572   \n   \n   \n Reconciliation of Adjusted Net Income to Net Income: (2) \n   \n Net income $ 25,069   $ 21,228   \n   \n Gain on the sale of assets   (16 )   (7 ) \n Acquisition expenses   1,324     2,952   \n Stock-based compensation expense   5,000     3,170   \n Restructure and other non-recurring costs   104     -   \n Tax effect   (1,456 )   (1,306 ) \n   \n Adjusted Net Income   30,025     26,037   \n   \n   \n Reconciliation of Diluted Earnings per Share to Adjusted Diluted Earnings per Share: (3) \n   \n Diluted earnings per share $ 1.36   $ 1.16   \n   \n Acquisition expenses, per diluted share   0.06     0.13   \n Stock-based compensation expense per diluted share   0.20     0.13   \n   \n Adjusted net income per diluted share $ 1.62   $ 1.42   \n   \n Reconciliation of Net Service Revenues to Adjusted Net Service Revenues: (4) \n   \n Net service revenues $ 363,611   $ 337,708   \n   \n Revenue associated with the closure of certain sites   (109 )   (1,066 ) \n   \n Adjusted net service revenues $ 363,502   $ 336,642   \n   \n\n Footnotes: \n (1) We define Adjusted EBITDA as earnings before net interest expense, other \n non-operating income, taxes, depreciation, amortization, acquisition expense, \n stock-based compensation expense, restructure and other non-recurring costs \n and gain or loss on the sale of assets. Adjusted EBITDA is a performance \n measure used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n Additionally, our calculation of Adjusted EBITDA may not be comparable to \n similarly titled measures reported by other companies. We believe that \n Adjusted EBITDA is useful to investors, management and others in evaluating \n the Company's operating performance, to provide investors with insight and \n consistency in the Company's financial reporting and to present a basis for \n comparison of the Company's business among periods, and to facilitate \n comparison with results of the Company's peers. Additionally, we believe that \n Adjusted EBITDA is a measure widely used by securities analysts, investors and \n others to evaluate the financial performance of other public companies. The \n financial results presented in accordance with U.S GAAP and a reconciliation \n of this non-GAAP measure included within our Annual Report on Form 10-K should \n be carefully evaluated. \n   \n (2) We define Adjusted Net Income as net income before acquisition expenses, \n stock-based compensation expense, restructure and other non-recurring costs, \n and gain on the sale of assets. Adjusted Net Income is a performance measure \n used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n   \n (3) We define Adjusted diluted earnings per share as earnings per share, \n adjusted for acquisition expenses, stock-based compensation expense and \n restructure and other non-recurring costs, and gain on the sale of assets. \n Adjusted diluted earnings per share is a performance measure used by \n management that is not calculated in accordance with generally accepted \n accounting principles in the United States (GAAP). It should not be considered \n in isolation or as a substitute for net income, operating income or any other \n measure of financial performance calculated in accordance with GAAP. \n   \n (4) We define Adjusted net service revenues as revenue adjusted for the \n closure of certain sites. Adjusted net service revenues is a performance \n measure used by management that is not calculated in accordance with generally \n accepted accounting principles in the United States (GAAP). It should not be \n considered in isolation or as a substitute for net income, operating income or \n any other measure of financial performance calculated in accordance with GAAP. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260504114668/en/\n(https://www.businesswire.com/news/home/20260504114668/en/)\n\nBrian W. Poff\n\nExecutive Vice President, Chief Financial Officer\n\nAddus HomeCare Corporation\n\n(469) 535-8200\n\ninvestorrelations@addus.com (mailto:investorrelations@addus.com)\n\nDru Anderson\n\nFINN Partners\n\n(615) 324-7346\n\ndru.anderson@finnpartners.com (mailto:dru.anderson@finnpartners.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-04T20:05:01.055769222Z","server_sent_at_ms":1777925101055},"received_at":"2026-05-04T20:05:01.123Z","source_url":"https://www.businesswire.com/news/home/20260504114668/en/"},"analysis":{"id":"14376","press_release_id":"19651","analysis_json":{"industry":{"label":"Health Care Equipment & Services","sector":"Health Care"},"redFlags":[],"eventType":"earnings","narrative":"Addus HomeCare reported solid Q1 2026 results with net service revenues rising 7.7% year-over-year to $363.6 million and adjusted net income per diluted share increasing 14.1% to $1.62.\n\nThe company generated $52.4 million in cash flow from operations and announced the acquisition of HomeCourt Home Care in Indiana for roughly $9.7 million in annualized revenues, which is expected to be immediately accretive.\n\nManagement also signed a definitive agreement to acquire additional operations in Indiana, supporting their strategy to expand market reach and density in select states.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong earnings beat with double-digit adjusted EPS growth and an immediately accretive acquisition to enter the Indiana market."},"keyFigures":{"eps":1.36,"revenue":"$363.6 million","revenueYoy":"7.7%","customDimensions":{"adjustedEps":1.62,"adjustedEbitda":"$44.5 million","cashFlowFromOperations":"$52.4 million"}},"quotedText":"Addus had a solid start to 2026, delivering an improved year-over-year financial and operating performance with revenue up 7.7% and adjusted EBITDA up 9.7% over the first quarter last year.","namedEntities":{"people":[{"name":"Dirk Allison","role":"Chairman and Chief Executive Officer"},{"name":"Brian Poff","role":"Executive Vice President and CFO"},{"name":"Heather Dixon","role":"President and COO"}],"products":[],"companies":[{"name":"Addus HomeCare Corporation","ticker":"ADUS"},{"name":"HomeCourt Home Care","relationship":"acquiree"}],"dollarAmounts":[{"amount":"$363.6 million","context":"Q1 2026 Net Service Revenues"},{"amount":"$25.1 million","context":"Q1 2026 Net Income"},{"amount":"$44.5 million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$52.4 million","context":"Q1 2026 Cash Flow from Operations"},{"amount":"$9.7 million","context":"annualized revenues of HomeCourt Home Care"},{"amount":"$103.1 million","context":"cash as of March 31, 2026"},{"amount":"$94.3 million","context":"bank debt as of March 31, 2026"}]},"materialImpact":{"score":4,"reasoning":"Strong Q1 results with 7.7% revenue growth, 14.1% growth in adjusted EPS, and solid cash flow generation. Additionally, the company announced an accretive acquisition to enter a new state (Indiana) and signed a definitive agreement for a second, signaling continued execution on growth strategy."},"tickerRelevance":{"others":[],"primary":"ADUS"},"globalImportance":30,"audienceRelevance":35,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"solid-earnings-plus-accretion","sectorWeight":"health-care-services"}},"event_type":"earnings","event_type_secondary":["m_and_a"],"sentiment":"bullish","material_impact_score":4,"narrative":"Addus HomeCare reported solid Q1 2026 results with net service revenues rising 7.7% year-over-year to $363.6 million and adjusted net income per diluted share increasing 14.1% to $1.62.\n\nThe company generated $52.4 million in cash flow from operations and announced the acquisition of HomeCourt Home Care in Indiana for roughly $9.7 million in annualized revenues, which is expected to be immediately accretive.\n\nManagement also signed a definitive agreement to acquire additional operations in Indiana, supporting their strategy to expand market reach and density in select states.","key_figures":{"eps":1.36,"revenue":"$363.6 million","revenueYoy":"7.7%","customDimensions":{"adjustedEps":1.62,"adjustedEbitda":"$44.5 million","cashFlowFromOperations":"$52.4 million"}},"named_entities":{"people":[{"name":"Dirk Allison","role":"Chairman and Chief Executive Officer"},{"name":"Brian Poff","role":"Executive Vice President and CFO"},{"name":"Heather Dixon","role":"President and COO"}],"products":[],"companies":[{"name":"Addus HomeCare Corporation","ticker":"ADUS"},{"name":"HomeCourt Home Care","relationship":"acquiree"}],"dollarAmounts":[{"amount":"$363.6 million","context":"Q1 2026 Net Service Revenues"},{"amount":"$25.1 million","context":"Q1 2026 Net Income"},{"amount":"$44.5 million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$52.4 million","context":"Q1 2026 Cash Flow from Operations"},{"amount":"$9.7 million","context":"annualized revenues of HomeCourt Home Care"},{"amount":"$103.1 million","context":"cash as of March 31, 2026"},{"amount":"$94.3 million","context":"bank debt as of March 31, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-04T20:32:56.892Z","global_importance":30,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap","eventGravity":"solid-earnings-plus-accretion","sectorWeight":"health-care-services"}},"durationMs":126807,"modelName":"glm-4.7"}}